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15 Apr 2015
USD/JPY tumbles and breaks below 119.00
FXStreet (Córdoba) - USD/JPY dropped further, broke below 119.00 and tumbled to 118.79, reaching the lowest level since April 3. From Monday’s highs it lost 200 pips. The pair is falling for the fourth day in a row, the first time to do so since January.
USD/JPY eyes March lows
Price approached March lows that lie at 118.32; if it drops further it would be trading at the lowest level in more than two months.
A weak dollar, that is falling across the board pushed USD/JPY sharply to the downside. The yen is modestly lower in the market as stocks gain in Wall Street. The Dow Jones is up 0.66% while the Nasdaq rises 0.86%.
USD/JPY eyes March lows
Price approached March lows that lie at 118.32; if it drops further it would be trading at the lowest level in more than two months.
A weak dollar, that is falling across the board pushed USD/JPY sharply to the downside. The yen is modestly lower in the market as stocks gain in Wall Street. The Dow Jones is up 0.66% while the Nasdaq rises 0.86%.