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27 Feb 2015
USD/JPY extends gains to 3-day high
FXStreet (Córdoba) - USD/JPY picked up momentum and climbed over half-a-cent over the last hours to hit a 3-day high, although the advanced stalled a few pips shy of Wednesday's high.
USD/JPY accelerated higher during the last trading hour in Europe and rose to a high of 119.79 before easing slightly. The dollar strengthened following a lackluster US GDP revision. The second estimate for US 4Q GDP came in at 2.2%, below the first estimate of 2.6% last month, but above expectations for a revision to a 2% increase.
USD/JPY is currently trading at 119.75, recording a 0.29% gain on the day and still on track for its second weekly rise in a row.
USD/JPY accelerated higher during the last trading hour in Europe and rose to a high of 119.79 before easing slightly. The dollar strengthened following a lackluster US GDP revision. The second estimate for US 4Q GDP came in at 2.2%, below the first estimate of 2.6% last month, but above expectations for a revision to a 2% increase.
USD/JPY is currently trading at 119.75, recording a 0.29% gain on the day and still on track for its second weekly rise in a row.