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20 Dec 2013
USD/JPY holds at 5-year highs after BoJ
FXstreet.com (Córdoba) - The USD/JPY reached fresh 5-year highs at 104.43 during the Asian session, two pips above the previous highs. The Bank of Japan announced its decision and kept its monetary policy unchanged, as expected. The news had no effect on Yen crosses.
USD/JPY testing 104.40
After a retracement that took place a day ago, the USD/JPY regain momentum and rose constantly at a modest pace. In the last ten hours it has risen 25 pips toward the 104.40 area that continues to offer resistance.
Currently trades at 104.38, up 0.17% from today's opening price; and is moving sideways between 104.42 and 104.20, consolidating weekly gains.
The pair holds the bullish tone despite falling stocks in Asia, where the Nikkei 225 is down -0.50%, but is still headed toward a weekly gain of more than 2%.
USD/JPY testing 104.40
After a retracement that took place a day ago, the USD/JPY regain momentum and rose constantly at a modest pace. In the last ten hours it has risen 25 pips toward the 104.40 area that continues to offer resistance.
Currently trades at 104.38, up 0.17% from today's opening price; and is moving sideways between 104.42 and 104.20, consolidating weekly gains.
The pair holds the bullish tone despite falling stocks in Asia, where the Nikkei 225 is down -0.50%, but is still headed toward a weekly gain of more than 2%.