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USD/JPY eyes 109.00

FXStreet (Córdoba) - A strong US dollar pushed USD/JPY to the upside after Wall Street opening bell. The pair erased losses and climbed to 108.99, reaching the highest price since the beginning of the Asian session.

In the first attempt the pair failed to break above 109.00 and it was trading around 108.90, flat for the day, but holding a bullish bias for the session.

End of correction?

Earlier the pair bottomed at 108.45 and then bounced to the upside. It was unable to make a lower low (a new weekly low), USD/JPY rose to test yesterday's highs. Also broke a short term bearish trendline, from September 19 highs, suggesting that the correction might be over.

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