OctaFX | OctaFX Forex Broker
Open trading account
Back

USD/JPY jumps above 108.00, fresh 6-year highs

FXStreet (Córdoba) - As Greenback soars across the board, USD/JPY rises further above 108.00. The pair printed a fresh 6-year high at 108.38 and remains near the highs, headed toward the highest close since September 2, 2008.

Since the FOMC statement USD/JPY has risen more than 50 pips, taking the daily gain above a hundred pips. Despite the fact that technical indicators showed overbought readings in the short term, momentum still favors the US dollar.

According to Jamie Coleman, from FXBeat, if the USD/JPY keeps rising, the next barrier is located around 108.50. To the downside, support levels might now lie at 107.90 and below here at 107.65.

FOMC was an anti climax - ING

Rob Carnell , analyst at ING Bank NV suggested that the latest Fed statement was something of an anti-climax.
Read more Previous

US stocks close positive amid Fed's script

Wall Street closed with gains on Wednesday as investors cheered Fed's statement and its confirmation to end bond buying programme but to maintain rates unchanged at least until next year.
Read more Next
Start livechat