USD/JPY broke 83.00 and reached an 8-month high

Market news

12 December 2012

USD/JPY broke 83.00 and reached an 8-month high

USD/JPY has broken the 82.90/83.00 area, absorbing feet and reaching 8-month high, as investors adjust positions in anticipation of the Fed decision.

USD/JPY rose, reaching a peak on April 2 at 83.20 before the slow growth. Before the release of the FOMC decision and the elections in Japan in output USD/JPY has risen more than 100 pips this week.

European stocks closed in plus: FTSE 100 5,945.85 +20.88 +0.35%, CAC 40 3,646.66 +0.51 +0.01%, DAX 7,614.79 +25.04 +0.33%

Gold rises in price in anticipation of news from the Fed

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