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USD/JPY retreats from 115.00

FXStreet (Córdoba) - USD/JPY retreated from 115.00 and fell below the price it had at the beginning of the day. After US economic data and during Draghi’s press conference the pair jumped to 115.02 but since then lost more than 60 pips as stocks trade lower in Wall Street.

The Japanese currency gained momentum across the board during the last hours and extended gains, while the US dollar is consolidating gains versus it European rivals. The pair was trading at 114.45/50, after the retreated from the highs found support at 114.40.

USD/JPY ahead of NFP

Today’s US jobless claims numbers were better-than-expected but traders continue to focus on tomorrow’s employment report. “The US dollar is likely to derive further support in the week ahead following the release of the non-farm payrolls report for October. The report is expected to reveal strong employment growth, a further decline in the unemployment rate and faster earnings growth”, wrote analysts from Bank of Tokyo-Mitsubishi UFJ.

United States EIA Natural Gas Storage change above forecasts (86B) in October 31: Actual (91B)

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EUR/AUD losing its perch on the forex ticker

EUR/AUD is trading at 1.4471, down -0.37% on the day, having posted a daily high at 1.4594 and low at 1.4430.
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