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USD/JPY back above 106.00 after falling to 105.20

FXStreet (Córdoba) - USD/JPY trimmed losses and rose back above 106.00 but is still headed toward the lowest daily close in a month. The pair bottomed earlier at 105.19, almost 200 pips below today’s opening price, and rebounded.

The pair rose back above 106.00 but the recovery found resistance at 106.40. Currently trades at 106.20/25, down 0.75% for the day.

USD/JPY volatility soars

The price moved in a range of 230 pips on Wednesday, peaked during the Asian session at 107.48 and the bottomed after US economic data and amid a sharp decline of greenback across the board at 105.19.

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