FXTimes (press release) (registration) - Dec 9, 2016
The US Dollar traded higher during the Asian session against the Japanese yen to move above 114.30. The USDJPY pair remains supported neat 114.35-20 levels, and there is a bullish trend line forming on the hourly chart.
The Japanese yen has rallied after a large magnitude 6.9 earthquake 61km off the coast of Namie, Japan. The USD/JPY is currently trading at 110.86, well off the highs of 111.36 struck earlier in the session.