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19 Sep 2014
USD/JPY finds support at 108.60, rises back to 109.00
FXStreet (Córdoba) - The bearish correction of USD/JPY found support around the 108.60 area. The pair was pulling back after reaching on Asian hours at 109.45, the strongest level since September 2008.
So far the correction was modest and currently the pair is attempting to rise back above 109.00, currently trading at 108.90, 15 pips above the price it had at the beginning of the day, rising for the third day in a row.
USD/JPY consolidates weekly gains
Greenback is headed toward the third weekly gains in a row and the highest close since August 2008, as it continues to move with an upside bias, approaching 110.65 (2008 highs).
Since the beginning of the month it has risen more than 500 pips, the best monthly performance so far since February 2012.
So far the correction was modest and currently the pair is attempting to rise back above 109.00, currently trading at 108.90, 15 pips above the price it had at the beginning of the day, rising for the third day in a row.
USD/JPY consolidates weekly gains
Greenback is headed toward the third weekly gains in a row and the highest close since August 2008, as it continues to move with an upside bias, approaching 110.65 (2008 highs).
Since the beginning of the month it has risen more than 500 pips, the best monthly performance so far since February 2012.