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15 May 2014
USD/JPY extends decline below 101.50
FXStreet (Córdoba) - The USD/JPY dropped further and fell to 101.29, reaching the lowest price since March 19. Currently trades at 101.50, after bouncing slightly from the lows, down 0.38% for the day so far.
The US dollar is falling for the second day in a row against the Yen and could post the lowest daily close in two months. The Japanese currency is the best performer as stocks in Wall Street plummet and US government bonds rise.
USD/JPY Eyeing key support
Today’s decline pushed the USD/JPY toward the 101.10 - 101.30 area where March and April lows lies. The mentioned area has become an important support in the last months and a consolidation below could signal a potential continuation toward 100.00.
The US dollar is falling for the second day in a row against the Yen and could post the lowest daily close in two months. The Japanese currency is the best performer as stocks in Wall Street plummet and US government bonds rise.
USD/JPY Eyeing key support
Today’s decline pushed the USD/JPY toward the 101.10 - 101.30 area where March and April lows lies. The mentioned area has become an important support in the last months and a consolidation below could signal a potential continuation toward 100.00.