9 Jan 2015
USD/JPY slides further, hits 2-day low
FXStreet (Córdoba) - USD/JPY weekend after during the last three hours and accredited to the downside after breaking below 118.80. The pair bottomed at 118.40, reaching the lowest price since last Tuesday.
Pair continues to move with a downside bias in the short term and has approached weekly lows that lie at 118.05.
USD/JPY reversal
After the release of the NFP it rose to 119.75 but then make a strong reveral and since then it has fallen more than a hundred pips.
The yen is among the strongest currencies across the board as stocks drops in Wall Street where the Dow Jones is losing 0.81% , the Nasdaq drops 0.66% and the S&P 500 retreats 0.73% . Crude oil is trading around $48.00, down more than 2% so far.
Pair continues to move with a downside bias in the short term and has approached weekly lows that lie at 118.05.
USD/JPY reversal
After the release of the NFP it rose to 119.75 but then make a strong reveral and since then it has fallen more than a hundred pips.
The yen is among the strongest currencies across the board as stocks drops in Wall Street where the Dow Jones is losing 0.81% , the Nasdaq drops 0.66% and the S&P 500 retreats 0.73% . Crude oil is trading around $48.00, down more than 2% so far.