USD/JPY falls to 106.84

FXStreet (Córdoba) - Greenback weakened across the board recently as reports indicated that the central bank of China injected liquidity to the financial system and also ahead of tomorrow’s FOMC decision. USD/JPY fell quickly from 107.15 to 106.83 in a few minutes, reaching the lowest price since Thursday.

The pair is trading around 107.00/05, 15 pips below the price it had at the beginning of the day, but remains under pressure as the US dollar holds near daily lows across the board.

Speculations about the FED holding the same language and the liquidity injection in China boosted volatility in the currency market, that it was moving slowly until the last hour.