Forex Trading : Rose USD / JPY above 121.50 and I got a new record daily high at 121.61. The pair then rebounded and was hovering around 121.50 is unable to establish a clear rise above it.
USD / JPY recovers momentum
Yesterday, the US dollar lost momentum around 122.00 and fell back sharply, where more than 100 points from the bullish levels dropped. During the Asian session today USD / JPY down at 120.82 and then bounced upward initially above 121.00 and later continued to rise.
Yen is among the best performing currencies was on Tuesday, enhanced by the decline in equity markets. She futures today on Wall Street to a positive opening, while the European markets recorded significant profits even though it is far from bullish levels.