Gold exceeded $2.000 per ounce. Stock futures rose on Wednesday as investors awaited further updates on stimulus talks.
USD/JPY: 2-week channel under question
Information is not investment advice
The USD/JPY bounced down from the resistance of 107.90 at the upper border of the channel it has been in for the last two weeks. Currently at 107.43, it is testing the lower border of that channel, and bears already showed that they are ready to keep pressure. If that happens, the support of 107.07 will be the nearest target - watch the news as they keep weakening the USD across the board and against the JPY in particular. Otherwise, be careful with a possible turnaround as it already happened on May 20, 22 and 27.
New COVID-19 cases globally have been on the rise lately, although it is too early to call them second waves in most countries.
With the pandemic claiming about 1000 lives a day in the United States, many departments said they lack the money and the staff to identify people who have been exposed, according to a survey of a 121 local agencies.
US stocks are set to open lower Friday, with investors worry over rising tensions between the US and China, deadlock over the next virus relief bill and possible disappointments from the key monthly employment report.
The pair was falling down amid the waning US dollar. However, the situation changed this month.
Dollar continues to keep firmer on the day, all eyes on the US jobs report later.