30 Jan 2015
USD/JPY drops to 117.50
FXStreet (Córdoba) - The US dollar is falling on Friday against the yen, erasing most of yesterday’s gains. The USD/JPY pair broke below 117.75 and dropped to 117.52 reaching a fresh daily low.
It was trading at 117.65/70, down 0.55% for the day so far and practically flat for the week as it continues to move in a range between 117.15 and 118.90. The Japanese currency was the best performer so far on Friday among majors while the US dollar was slightly lower, on a quiet day so far.
In about 90 minutes, GDP data from the United States will be released and is likely to impact on the pair and also stock prices. European markets were mixed, with the FTSE 100 down 0.35% and the DAX up 0.02%. US government bond yields were falling modestly, approaching weekly lows.
It was trading at 117.65/70, down 0.55% for the day so far and practically flat for the week as it continues to move in a range between 117.15 and 118.90. The Japanese currency was the best performer so far on Friday among majors while the US dollar was slightly lower, on a quiet day so far.
In about 90 minutes, GDP data from the United States will be released and is likely to impact on the pair and also stock prices. European markets were mixed, with the FTSE 100 down 0.35% and the DAX up 0.02%. US government bond yields were falling modestly, approaching weekly lows.