USD / JPY validates monthly gains over 115.00

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  • The dollar with little change on Friday, remains above 115.00.
  • USD / JPY on its way to close the year with a significant rise.

The USD / JPY is trading with a small profit on Friday, around 115.10 / 15, in a day with limited travel. The last session of the year presents a low volume and for the moment, without significant news.

Several stock exchanges have already finished the year, which has a reflection on the currencies and the low volume. In this context, USD / JPY is consolidating above 115.00, holding on to weekly, monthly and also quarterly gains.

The key factor was the expectations of a monetary tightening faster than previously expected by the Federal Reserve. The rise in equity markets also contributed.

Best year since 2014

The dollar had in 2021 the best year since 2014 against the yen, although in 2015, it had a great bring quarter, which allowed it to cut losses significantly.

The chart for the month shows a bullish outlook and strengthening after the consolidation above 114.00. This can open the doors for more uploads. A return below 111.00 on the other hand could suggest that the road to the upside should be more leisurely.

USD / JPY month chart

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