USD/JPY rises further above 119.00

FXStreet (Córdoba) - USD/JPY extended gains and climbed more than 100 pips from daily lows. Currently trades at 119.20, the same level it had before the release of the US employment report last Friday.

USD/JPY holds above 118.00

During the Asian session the pair dropped toward 118.00 but again the found support above 118.05, as it did last Tuesday, and rebounded sharply to the upside.

Greenback remains near the highs against the yen and also across the board, after making a reversal. Stocks are posting important gains in Europe, Wall Street futures point to a positive opening and crude oil (WTI) is falling more than 2%.

Bitcoin trades at 13-month low

Bitcoin weakened to the lowest levels in a over an year against the US dollar as investors ditched virtual currency in favor of the traditional safe havens amid fear of regulation and broad based US dollar strength.
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Oil prices might impact the NOK heavily in coming weeks – Rabobank

Jane Foley, Senior Currency Strategist at Rabobank, explains that oil prices might be the driving factor for NOK in the coming weeks, expecting further weakness in oil to drag USD/NOK higher.
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