OctaFX | OctaFX Forex Broker
Open trading account

USD/JPY hovers just below 101.00

FXstreet.com (Córdoba) - The recovery of the greenback versus the yen, from a 3-week low of 100.20, finally found resistance at the 101.15 zone during the American session.

USD/JPY failed to hold above the 101.00 level, and pulled back slightly, although with the subsequent dip being contained by the 100.75 area, the pair was confined to a phase of consolidation during the last hours.

At time of writing, USD/JPY is trading at the 100.85/90 area, where it is up 0.1% on the day and virtually unchanged this week.

However, the USD is posting its eighth monthly gain in a row versus the yen, accumulating over 1300 pips, or 15.8%, only in 2013.

Flash: Positive Canadian data not enough for CAD - UBS

Canadian GDP came in strong, at 2.5% yoy, yet USDCAD rose to above 1.03 on the back of weaker commodity prices, and even more importantly, an ebbing of risk sentiment globally, notes the UBS analyst team.
Read more Previous

US markets trading flat, dollar advances

Market participants are still digesting the mixed data from the US economy released today, with both the Consumer Sentiment sponsored by Reuters/Michigan and the Chicago PMI posting strong...
Read more Next
Start livechat