• USD / JPY updated 7-month high after the data on the housing market in the U.S.

Market news

20 November 2012

USD / JPY updated 7-month high after the data on the housing market in the U.S.

 

 

The dollar strengthened against the yen, reaching a seven-month high after a number of residential buildings in the U.S. in October exceeded forecasts.

The USD / JPY broke resistance at 81.60 and reached a high of 81.72.

Dollar for 5 consecutive days the yen strengthened on expectations that the opposition party, the LDP, which supports legislation to mitigate the Bank of Japan could win the election on December 16.



 

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