5 Sep 2013
USD/JPY climbs back above 100.00
FXstreet.com (Córdoba) - The USD/JPY extended gains above the 100.00 hurdle Thursday and printed a fresh 6-week high in a day loaded of data.
USD/JPY hits fresh 6-week high
With US 10-year yields reaching the highest since July 2011, USD/JPY stretched to a peak of 100.17 after the ISM services PMI came in stronger than expected for August, which gave the greenback another boost across the board. At time of writing, USD/JPY is trading around 100.10, 0.4% above its opening price.
USD/JPY maintains the positive tone
From a technical perspective, the USD/JPY maintains the positive tone, says Valeria Bednarik, chief analyst at FXstreet.com. However, the analyst notes that range trading is likely to persist until next Friday’s US employment figures.
USD/JPY hits fresh 6-week high
With US 10-year yields reaching the highest since July 2011, USD/JPY stretched to a peak of 100.17 after the ISM services PMI came in stronger than expected for August, which gave the greenback another boost across the board. At time of writing, USD/JPY is trading around 100.10, 0.4% above its opening price.
USD/JPY maintains the positive tone
From a technical perspective, the USD/JPY maintains the positive tone, says Valeria Bednarik, chief analyst at FXstreet.com. However, the analyst notes that range trading is likely to persist until next Friday’s US employment figures.