28 Nov 2014
USD/JPY climbs above 118.50
FXStreet (Córdoba) - USD/JPY extended gains after Wall Street opening bell and reached fresh 3-day highs above 118.50. The pair broke above 118.30/35 (Asian session high) and rose to 118.54.
Currently trades above 118.50 and slightly below Tuesday’s highs that lie at 118.56. Greenback is having the best day of the week against the yen. The Japanese currency weakened across the board as stocks recover in Europe and rise in the US.
USD/JPY sixth weekly gain in a row
The pair is about to have the sixth consecutive weekly gain and the strongest close in seven years; but it has not been able to reach fresh 2014 highs. Last week the pair peaked at 118.96 and then started to retreated, until yesterday, when it found support at 117.20/25 and rebounded.
Currently trades above 118.50 and slightly below Tuesday’s highs that lie at 118.56. Greenback is having the best day of the week against the yen. The Japanese currency weakened across the board as stocks recover in Europe and rise in the US.
USD/JPY sixth weekly gain in a row
The pair is about to have the sixth consecutive weekly gain and the strongest close in seven years; but it has not been able to reach fresh 2014 highs. Last week the pair peaked at 118.96 and then started to retreated, until yesterday, when it found support at 117.20/25 and rebounded.