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USD/JPY rebounds at 102.20 and recovers

FXStreet (Córdoba) - The USD/JPY is approaching daily highs and trades at the strongest level since the beginning of the American session at 102.45, up 0.19% for the day.

After the release of the US retail sales numbers in the US the pair dropped and bottomed at 102.22 but then rebounded, rising back to the price it had before the report.

During the European session the USD/JPY peaked at 102.51, hitting the strongest level in a week. The US dollar continues to recover against the Yen after falling last week to 101.50.

JPY losing momentum

The Yen is falling across the board on Wednesday, and is only rising against the Pound. Commodity currencies supported by risk appetite are rising against both, the US dollar and the Yen.

GBP/USD trading below 1.6700

After a previous bounce from 1.6700 to 1.6730, the GBP/USD is now testing the key 1.6700 level again with the pair pricing at lows since April 15 at 1.6690.
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