The USD/JPY pair is easing from a daily high of 107.91, now trading near its weekly low at 107.65 as economic reopenings and hopes for a coronavirus vaccine lift the market’s mood, weighing on the greenback, FXStreet’s analyst Valeria Bednarik reports. Key quotes “A US biotechnology company, Novavax, announced that it has started human trials of a COVID-19 vaccine in Australia, and expected results from the trial in July. Up to today, there are a dozen different promising vaccines being studied around the world.” “Japan published its Corporate Services Price Index for April, which resulted in 1.% YoY, worse than the 1.9% expected. The All Industry Activity Index for March declined by 3.8%, also missing the market’s expectations.” “Given the broad dollar’s on a risk-on mood, the risk for the pair turned to the downside, with further declines expected on a break below 107.30, the immediate support level.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next CFTC Positioning Report: The Swiss franc is feeling jittery – Rabobank FX Street 3 years The USD/JPY pair is easing from a daily high of 107.91, now trading near its weekly low at 107.65 as economic reopenings and hopes for a coronavirus vaccine lift the market’s mood, weighing on the greenback, FXStreet’s analyst Valeria Bednarik reports. Key quotes “A US biotechnology company, Novavax, announced that it has started human trials of a COVID-19 vaccine in Australia, and expected results from the trial in July. Up to today, there are a dozen different promising vaccines being studied around the world.” “Japan published its Corporate Services Price Index for April, which resulted in 1.% YoY, worse than… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
