Forex news for US trading on March 21, 2016:
Markets:
– S&P 500 up 2 points to 2051
– Gold down $12 to $1243
– April WTI contract expires up 47-cents to $39.91
It was a slower session but USD/JPY was probably the story of the day. It made a slow climb up to 111.93 from 111.50. It stalled first at 111.86, which was the 38.2% retracement of the Fed decline. It gave way later in the day and USD/JPY finished at the highs.
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