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14.05.2020 Usd/Jpy Daily Analysis

Usd/Jpy is trading at 106.934, it is trading low with 0.088 mainly because the monthly JGB purchase remained unchanged despite the removal

Yazar: editor_1

Yayınlanma: 14 Mayıs 2020 20:02

Güncellenme: 11 Kasım 2024 07:43

14.05.2020 Usd/Jpy Daily Analysis

Usd/Jpy is trading at 106.934, it is trading low with 0.088 mainly because the monthly JGB purchase remained unchanged despite the removal of the upper limit the week before and this made the Jpy to be stronger against Usd. Growing fears about the second wave of coronavirus infections, coupled with fading hopes for a quick economic recovery weighed on investors' sentiment and was evident from a weaker tone around the equity markets.   Meanwhile, the USD remained weak against jpy even after the FedChair Jerome. Powell also mentioned that the economic path remains uncertain and was subject to downside risks.
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