USD/JPY extends drop from 7-year high

FXStreet (Córdoba) - USD/JPY retreated further at the beginning of the American session and hit fresh daily lows as the dollar eases across the board.

Declining US yields are weighing on the USD, with USD/JPY having dropped more than 150 pips throughout the day through the 200-hour SMA to hit a low of 119.22. At time of writing, USD/JPY is trading at 119.30, recording a 1.14% loss on the day.

USD/JPY started a downward correction after hitting a fresh 7-year high of 121.83 on the back of outstanding US nonfarm payrolls.

Datawise, US JOLTS jobs openings and wholesales inventories for October will be published at 15:00 GMT.

Dec 9, 2014

Makuch del BCE: próxima colocación de T-LTRO debería ser más fuerte

Al hablar en la conferencia de prensa del trimestre, el miembro del concejo del BCE, Jozef Makuch reafirmó la necesidad de darle tiempo a los intentos actuales de estímulo antes de evaluar la posibilidad de implementar un programa de compra de bonos soberanos.

US Treasury yields decline on risk aversion

The Treasury prices in the US rose, pushing the yields lower across the short-end as well as the long-end of the market curve as risk aversion in the global financial markets across increased safe haven appeal of the US treasuries.