Quantcast

USD/JPY testing 99.00 level area

FXstreet.com (Athens) – The USD/JPY is retesting 99.00 area, as has been unable to sustain a break above.

USD/JPY is gaining momentum on Jackson’s Hole symposium as the big day looming

A reasonably quiet Asian session for the major currency pairs with JPY standing out as the exception. The MSCI Asia Pacific index was up 1.1% led by a 2.2% increase in the Nikkei. The USDJPY continued its move higher pushing just over the 99 level. However, the pair could not help itself to sustain a break above the crucial resistance of 99.00 area. While, we are ahead of USD new …read more