JPY: Greenback held on to a 0.4% gain for the last week – BBH

Analysts at BBH note that the US dollar fell against the yen to start and finish last week, but in between, it rose.  

Key Quotes

“The greenback held on to a 0.4% gain for the week, snapping a three-week drop.  The gains lifted the greenback to a high of JPY112.75 after setting a low on Mondaynear JPY111.85.  The dollar completed a 50% retracement of the down move from the JPY114.35 peak on November 7.  That retracement is found near JPY112.60.  The next retracement is found at JPY113.00.  The technical indicators are constructive, despite the outside day recorded ahead of the weekend on the Flynn news.”