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USD/JPY drops to 120.00

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Dec 31, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FXStreet (Córdoba) - USD/JPY came under pressure amid thin trading volume and fell to a fresh 2-month low sub 120.00 as activity continues to wind down.

    USD/JPY fell to a low of 119.99 but was unable to confirm a break and recovered slightly. At time of writing, the pair is trading at 120.05, 0.37% lower on the day.

    USD/JPY is on track to post a 2.5% monthly low, despite December was the month when the Federal Reserve raised rates, however it will be closing 2015 just a few pips below its starting point.
    For more information, read our latest forex news.
     

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