USD/JPY has been rising for almost a week except for Monday, but the strong resistance of the 50-day moving average at 105.80 may stop it from moving higher.
Tag - jpy - japanese yen
AUD/JPY is now testing the key resistance at 74.600. Jump in for the fresh analysis!
Asian stocks began the week mostly higher as the region picked up the baton from last Friday’s tech-driven momentum on Wall Street.
The market sentiment is mixed as investors weigh US stimulus package against the rising infections and worse-than-expected US unemployment claims. Jump in for fresh analysis of EUR/USD, USD/JPY, S&P 500 and gold!
US democrats are planning to unveil $2.2 trillion dollars to support the economic activity. That announcement improved the market sentiment after the worse-than-expected US unemployment claims. Jump in for the analysis of EUR/USD, USD/JPY, S&P 500 and gold!
The number of Americans applying for initial unemployment benefits came in at a larger-than-forecast 870,000 last week, signaling that the recovery in the labor market is losing momentum as the coronavirus pandemic lingers and layoffs continue apace.
The GBP is likely to move upward until it reaches the resistance of 1.2795.
Jump in for the fresh analysis of EUR/USD, AUD/JPY, NZD/JPY and silver!
The dollar index was up late Tuesday afternoon in Asia, extending the 0.8% gain in the previous session, when COVID-19 fears and worries over the US Congress’ stimulus impasse drove a selloff across other assets.
Gold has started a remarkable downside correction and stands on the key 23.6% retracement area after a failure to hold the 38.2% retracement area.
The JPY is the strongest and the NZD is the weakest. Jump in for the fresh analysis!
Asian equity markets were subdued, and US equity futures traded choppy after last Friday’s losses on Wall Street.