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USD/JPY soars and rises above 113.50

FXStreet (Córdoba) - USD/JPY continues to rally and reached a fresh 6-year high at 113.72, ahead of the release of US economic data. The pair is rising of the fifth day in a row as it continues to rally.

On Friday, it broked above 110.00 and gained upside momentum, accelerating to the upside. Since Friday’s Asian session, when the Bank of Japan announced further stimulus, it has risen almost 500 pips.

The yen is among the weakest currencies on Monday despite weak data from China and the Eurozone and as stocks decline Europe. USD/JPY remains near daily highs, trading at 113.60/65, up 1.20% for the day.

EUR/JPY hits fresh 6-month high

EUR/JPY advanced to fresh 6-month highs as the yen continues to underperform across the board as investors continue to assess Friday’s BoJ easing move.
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