USD/JPY has best week of 2014

FXStreet (Córdoba) - Near the end of trading in Wall Street, USD/JPY continues to hold steady, above 107.00 near 8-year highs. The pair moved during the last hours in a range between 107.38 (daily high) and on top of 107.00.

The pair is trading more than 200 pips above the level it had seven days ago, headed toward the best weekly performance since the beginning of the year. A strong US dollar and rising Treasury yields boosted USD/JPY.

If it ends around current levels the pair would post the strongest close since September 2008 and above the level it had at the time of Lehman Brothers bankruptcy.