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22 Jun 2015
USD/JPY moving away from key 122.40
FXStreet (Córdoba) - USD/JPY rose further during the American session and reached at 123.38, the strongest level since last Thursday. Price remains near the highs, consolidating above 123.00.
Greenback is rising against the yen after posting on Friday the lowest daily close in almost a month. The US dollar is among the best perfumers across the board while the yen remains weak amid risk appetite boosted by hopes of a deal between Greece and its creditors. Stocks in Europe ended sharply higher while in Wall Street the Dow Jones is up 0.52% and the Nasdaq 0.57%. Rising government bond yields favored the upside in the USD/JPY.
Far from key support
Today’s rally pushed the pair to move off a key support located around 122.40/45. The mentioned area capped the decline several times during the current month.
USD/JPY is having the best day since June 11 as it gains more than 60 pips, still holding below the daily 20-SMA.
Greenback is rising against the yen after posting on Friday the lowest daily close in almost a month. The US dollar is among the best perfumers across the board while the yen remains weak amid risk appetite boosted by hopes of a deal between Greece and its creditors. Stocks in Europe ended sharply higher while in Wall Street the Dow Jones is up 0.52% and the Nasdaq 0.57%. Rising government bond yields favored the upside in the USD/JPY.
Far from key support
Today’s rally pushed the pair to move off a key support located around 122.40/45. The mentioned area capped the decline several times during the current month.
USD/JPY is having the best day since June 11 as it gains more than 60 pips, still holding below the daily 20-SMA.