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27.03.2020 USD/JPY Daily Analysis

This is mainly due to the broad-based losses in the US dollar due to the unprecedented fiscal and monetary stimulus unveiled by the US government and

27.03.2020 USD/JPY Daily Analysis
Yazar: Zack Smith

Yayınlanma: 28 Mart 2020 13:48

Güncellenme: 16 Kasım 2024 20:59

27.03.2020 USD/JPY Daily Analysis

USD/JPY is trading at 108.89, it went down with 0.69. This is mainly due to the broad-based losses in the US dollar due to the unprecedented fiscal and monetary stimulus unveiled by the US government and the Federal Reserve in the last five days, not so much due to Yen demand. The coronavirus outbreak is showing no signs of slowing down. Further, Thursday's US initial jobless claims showed the pandemic is causing greater damage than previously expected. This, therefore, affected the pair causing it to go down.
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