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4 Dec 2014
USD/JPY reaches 120.00, first time since 2007
FXStreet (Córdoba) - USD/JPY climbed above 120.00 for the first time since July 2007 and printed a fresh high at 120.11. Afterwards pulled back to 119.70 and currently is hovering around 119.95. Volatility in the yen soared after the pair hit 120.00.
During Draghi’s press conference the pair dropped to 119.65 (daily low) and then jumped to the upside, despite the decline in European markets and a modest increase in US government bonds.
With the ECB decision behind, the next important event will be the release on Friday of the US employment report. Today’s employment data showed that initial jobless claims declined from 314K to 297K, slightly above the 295K expected by market consensus.
During Draghi’s press conference the pair dropped to 119.65 (daily low) and then jumped to the upside, despite the decline in European markets and a modest increase in US government bonds.
With the ECB decision behind, the next important event will be the release on Friday of the US employment report. Today’s employment data showed that initial jobless claims declined from 314K to 297K, slightly above the 295K expected by market consensus.