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14 Jun 2013
USD/JPY resumes the decline to fresh lows
FXstreet.com (Córdoba) - After being rejected from session highs at the 95.35 area, USD/JPY took a hit and dipped to fresh lows for the day as market conditions begin to thin.
USD/JPY hit a new low on the day at 94.08 in recent trade, although the yen lacked momentum to drag the pair below 94.00 and receded instead. At time of writing, USD/JPY is trading at the 94.30 zone, still down 1.1% on the day.
USD/JPY on track for fourth weekly loss
For the week, USD/JPY is down about 2.9%, on track for a fourth straight week of declines, having fallen more than 900 pips over the last month.
USD/JPY hit a new low on the day at 94.08 in recent trade, although the yen lacked momentum to drag the pair below 94.00 and receded instead. At time of writing, USD/JPY is trading at the 94.30 zone, still down 1.1% on the day.
USD/JPY on track for fourth weekly loss
For the week, USD/JPY is down about 2.9%, on track for a fourth straight week of declines, having fallen more than 900 pips over the last month.