USD/JPY back above 107.00

FXStreet (Córdoba) - Greenback is about to post the first daily close above 107.00 since September 19, 2008 against the yen. USD/JPY is headed toward the fourth daily gain in a row and keeps making multi-year highs.

USD/JPY short term

During the American session the pair moved in ranges, around 107.00. Price found support above 106.60 while the upside was capped by the highs located between 107.20. During the last hours of trading in New York USD/JPY rose back above 107.00 to test daily highs.

The pair continues to hold bullish momentum as the yen remains weak across the board. On Friday, important economic data from the US will be release (12:30 GMT) with the retail sales report of August.