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28 Mar 2014
USD/JPY ends week near 103.00
FXStreet (Córdoba) - The USD/JPY had the best day in more than a week and finished Friday with a gain of 65 pips, hovering around 102.80. Price peaked at 102.96, the strongest level since March 12 and then pulled back finding support at 102.70.
The Japanese currency was among the worst performers during the week after dropping sharply across the board on Friday, when it tumbled in a few hours, erasing previous gains.
It was the first time since the beginning of the year that the USD/JPY rises for two consecutive weeks. Volatility in the pair could rise during the next week considering that various economic reports will be published in Japan and in the US, including Non Farm Payrolls next Friday.
The Japanese currency was among the worst performers during the week after dropping sharply across the board on Friday, when it tumbled in a few hours, erasing previous gains.
It was the first time since the beginning of the year that the USD/JPY rises for two consecutive weeks. Volatility in the pair could rise during the next week considering that various economic reports will be published in Japan and in the US, including Non Farm Payrolls next Friday.