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29 Dec 2014
USD/JPY hits fresh highs above 120.60
FXStreet (Córdoba) - The USD/JPY pair climbed further after Wall Street opening bell and reached at 120.67, the highest price since last Wednesday.
The pair remains near daily highs as the US dollar strengthens across the board, while the yen retreats as stocks in the US erase losses; the Dow Jones is now up by 10 points while the S&P 500 rises 0.20%.
If it continues to rise USD/JPY could face resistance at 102.80, where last week highs lie. The japanese currency remains weak in the market despite falling US government bond yields. Treasuries are having the best day in almost two weeks.
The pair remains near daily highs as the US dollar strengthens across the board, while the yen retreats as stocks in the US erase losses; the Dow Jones is now up by 10 points while the S&P 500 rises 0.20%.
If it continues to rise USD/JPY could face resistance at 102.80, where last week highs lie. The japanese currency remains weak in the market despite falling US government bond yields. Treasuries are having the best day in almost two weeks.