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26 Apr 2013
Forex: USD/JPY takes a breather after steep fall
FXstreet.com (Córdoba) - The US dollar is taking a breather after dropping over 180 pips throughout the day versus the yen, as the BoJ refrained from announcing new measures, US reported lower-than-expected GDP growth and another week ends with the 100.00 level standing.
This combination was too much to take for the USD/JPY, which slumped to a 9-day low of 97.54 during the American session. At time of writing, the pair is trading at the 97.80 zone, where it records a 1.5% daily loss, accumulating 2% this week.
This combination was too much to take for the USD/JPY, which slumped to a 9-day low of 97.54 during the American session. At time of writing, the pair is trading at the 97.80 zone, where it records a 1.5% daily loss, accumulating 2% this week.