USD/JPY extends losses in tandem with US dollar. Gains in S&P 500 index lift the market mood. Traders ignore mixed US coronavirus data. USD/JPY is extending its break below the 107.50 level, undermined by the relentless selling in the US dollar across its main competitors. The upbeat market mood, as reflective of the gains in the S&P 500 index, dulls the safe-haven allure of the greenback, downing the US dollar index to 96.47. The US stocks whipsawed on the mixed coronavirus statistics released from across the American hotspots. Although the conciliatory remarks from US Vice President Mike Pence pushed the equities back into the green zone and collaborated with the fresh leg lower in the buck. In the session ahead, the main focus will remain on the US dollar and stocks price-action for trading impetus on the major. USD/JPY technical levels “Weekly lows, around the 107.25 region, now seems to act as immediate support and is closely followed by the 107.00 mark. Failure to defend the mentioned support levels might turn the pair vulnerable to resume its bearish trajectory and slide back towards the 106.00 round-figure mark,” explains FXStreet’s Analyst Haresh Menghani notes. USD/JPY additional levels 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 Fed’s Bostic calls for caution as the economy reopens FX Street 3 years USD/JPY extends losses in tandem with US dollar. Gains in S&P 500 index lift the market mood. Traders ignore mixed US coronavirus data. USD/JPY is extending its break below the 107.50 level, undermined by the relentless selling in the US dollar across its main competitors. The upbeat market mood, as reflective of the gains in the S&P 500 index, dulls the safe-haven allure of the greenback, downing the US dollar index to 96.47. The US stocks whipsawed on the mixed coronavirus statistics released from across the American hotspots. Although the conciliatory remarks from US Vice President Mike Pence pushed the equities… 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.
