USD/JPY down to 98.40 after U.S. Vote

The dollar set a three-week high versus the yen on Thursday ahead of a pending vote in the U.S. House of Representatives that could bring Washington’s fiscal standoff to an end and avert the risk of a U.S. default.

The dollar held steady on the day at 98.79 yen after having touched a high of 99.01 yen, the greenback’s strongest level against the yen since late September.

Traders said earlier that dollar-selling interest had been strong at levels near 99.00 yen.  With the U.S. Senate having approved the deal to end the fiscal impasse, focus now is on a pending vote in the U.S. House of Representatives.


This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.