USD/JPY hits 148.50 as the non-stop rally continues ...Middle East

forex live - News
USD/JPY hits 148.50 as the non-stop rally continues
USD/JPY today cleared the last major hurdle standing in the way of a yet-another retest of 150.00.It rose above the 61.8% retracement level from November-December slump, cruising through and adding another 100 pips beyond it. It's up 130 pips to 148.50.The pair has soared higher from 144.50 at the start of the week, gaining 400 pips in a one-way move. From the start of the year, it's now up nearly 800 pips as the December slump unwinds.Two things have driven it:1) The BOJ has pushed back on rate hiking expectationsThe earthquake in Japan was the first even that sparked buy as it was thought to delay any possible January move. That was followed by disappointing Japanese CPI numbers and some p

Hence then, the article about usd jpy hits 148 50 as the non stop rally continues was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( USD/JPY hits 148.50 as the non-stop rally continues )

Apple Storegoogle play

Last updated :

Also on site :

Most viewed in News