Forex: USD/JPY surges near daily high

FXstreet.com (Buenos Aires) – Dollar has accelerated higher across the board on London fix, favored by gold that’s falling below $ 1390/oz after setting a fresh record high at $ 1398/oz. Some profit taking at the end of the week plus position adjustment ahead of US data, are the main reason of current movements, after an eventful couple of hours that saw majors trading in tight ranges.

USD/JPY surged above 81.30, approaching to daily high at 81.46 set after better than expected US employment readings earlier today. Still limited to the upside by yesterday’s high around 81.65, pair has managed to slowly gain over this week, as the 80.30 15-year low posted past Monday, seems to have draw a bottom line, at least temporal. Still, market rumors suggest Japanese exports are ready to sell around the 82.00 level, while suspected stop losses lie above this one.

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