Wall Street and USD/JPY jump on risk appetite

FXStreet (San Francisco) - US stocks market advanced on Monday as investors cheered upbeat corporate earnings from Citigroup. The Dow performed a 3-digit gain to close just shy of record close.

The Dow Jones jumped 111.61 points or 0.66% to close the day at 17,055.42; the S&P 500 added 9.53 pts or 0.48% to finish at 1,977.10; while the Nasdaq won 24.93 pts or 0.56% to 4,440.42.

The US Dollar traded positive against the Japanese Yen and the Sterling while it was negative versus the Euro. The Gold declined hard on the day and after collapsed $30 the yellow metal closed at 1,307.

USD/JPY showing strong upside potential - FXStreet

Valeria Bednarik, chief analyst at FXStreet explained that the USD/JPY advanced on yen weakness, with the pair stalling at 101.60 strong static resistance zone
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