Momentum Starts to Climb on Sustained Move Over 113.975
The Dollar/Yen rose sharply on Friday as a jump in monthly inflation data drove up the chances of a sooner-than expected rate hike by the Federal Reserve
For three weeks in a row, the USD/JPY has remained stable around the 114.00 resistance, near a 3-year high, amid strong expectations of a tightening of the US Federal Reserve's policy.
The Dollar/Yen rallied on Friday, helped by firm U.S. Treasury yields and a stronger U.S. Dollar. The Forex pair was also boosted by increased demand for higher risk assets as U.S. stocks
The USD/JPY currency exchange rate continued to surge throughout Friday. The surge extended into Monday. However, during the early hours of the day's trading