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14 May 2014
USD/JPY holds near daily lows
FXStreet (Córdoba) - The USD/JPY fell to test the 101.70 area after WAll Street opening bell but so far the US dollar has been able to hold above. Earlier the pair bottomed at 101.71, reaching the lowest price since last Thursday.
USD/JPY consolidating below 102.00
Currently trades at 101.73, down 0.49% fpr the day so far. The pair is losing weekly gains and fell below the price it closed last Friday.
After inflation data from the US the pair rose to 101.94 but then lost momentum and pulled back, approaching the lows.
Yen up, yields down
The Yen is among the best performers across the board supported by risen US government bonds. Long term Treasury yields fell to 2014 lows favoring the Japanese currency, that is having the best day since last Thursday.
USD/JPY consolidating below 102.00
Currently trades at 101.73, down 0.49% fpr the day so far. The pair is losing weekly gains and fell below the price it closed last Friday.
After inflation data from the US the pair rose to 101.94 but then lost momentum and pulled back, approaching the lows.
Yen up, yields down
The Yen is among the best performers across the board supported by risen US government bonds. Long term Treasury yields fell to 2014 lows favoring the Japanese currency, that is having the best day since last Thursday.