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24 Apr 2015
USD/JPY drops toward 119.00
FXStreet (Córdoba) - USD/JPY weakened sharply with the release of US economic data and dropped further after the beginning of the American session moving toward 119.00.
The pair fell from 119.50 and bottomed at 119.03, hitting the lowest level since Monday. Currently trades at 119.20, holding some bearish pressure.
In the US, March durable goods order report showed an increase in the main number, but details were disappointing suggesting a deceleration in GDP growth and pushed greenback to the downside in the market.
The yen is among the best performers so far on Friday and is rising for the second day in a row against the dollar, recovering most of the weekly losses.
The pair fell from 119.50 and bottomed at 119.03, hitting the lowest level since Monday. Currently trades at 119.20, holding some bearish pressure.
In the US, March durable goods order report showed an increase in the main number, but details were disappointing suggesting a deceleration in GDP growth and pushed greenback to the downside in the market.
The yen is among the best performers so far on Friday and is rising for the second day in a row against the dollar, recovering most of the weekly losses.