USD/JPY erases losses, back above 104.00

FXStreet (Córdoba) - The USD/JPY gained momentum after Wall Street opening bell; rose from 103.85 and recently printed a fresh daily high at 104.15, erasing all losses. Price holds above 104.00 and near daily highs.

The Japanese currency is falling across while the US dollar is testing daily highs versus european currencies.

USD/JPY toward strongest close since January

If the USD/JPY manages to end the day around the current levels, it would post the highest daily close since January 22. Back then, the pair was pulling back from multi-year highs reached on January 2 at 105.45.