Previous close | 155.3070 |
Open | 155.3510 |
Bid | 155.7470 |
Day's range | 155.2940 - 155.8560 |
52-week range | 137.3150 - 159.9610 |
Ask | 155.7610 |
The USD/JPY pair initially fell during the session on Thursday but has since turned around to show signs of life, as the market continues to find plenty of value hunters.
The US Dollar fell a bit in the early hours on Wednesday, as the retail sales number in the USA fell short. The CPI numbers were also a bit soft, and this had a lot of traders selling the greenback. However, this is a trend that isn’t going anywhere.
The US Dollar continues to rise against the yen, as the market is likely to continue its momentum as the interest rate differential is a major driver of what is going to be the action of traders going forward.