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USD/JPY nears 6-month highs

FXstreet.com (Córdoba) – The USD/JPY staged a steadfast recovery Wednesday, erasing previous day’s losses, and is now headed toward its 6-month peak scored Monday.

The USD/JPY pullback was contained by the 101.15 area during the Asian session, allowing the pair to recover the lost ground. The USD/JPY has climbed near 70 pips throughout the day and it is currently trading at the 101.80 zone, up 0.5% on the day, ahead of the US durable goods orders and jobless claims release.

USD/JPY technical outlook

“The minor slide from 101.91 is already over with yesterday’s low at 101.14, but I think there is still …read more