The USD/JPY pair trades around 103.15, down for the day as pressure on the greenback continues. The December low of 102.86 is in its sights, Valeria Bednarik, Chief Analyst at FXStreet, reports. Key quotes “The focus remains on coronavirus, amid news indicating resurgent contagions and deaths, but also the beginning of immunization. Japan reported 3,476 new cases and 43 deaths in the last 24 hours, whit over 1,000 reported in Tokyo. The numbers are records for the country, and the government is studying restrictive measures.” “Trading will likely come to a halt after the release of US Initial Jobless Claims for the week ended December 25, foreseen at 833K.” “The 4-hour chart shows that the price remains well below bearish moving averages, with the 20 SMA currently around 103.50. Technical indicators remain near daily lows, with limited directional strength.” “It seems unlikely, but the USD/JPY pair could extend its slump once below December’s low at 102.86.” 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 USD/CAD consolidates daily losses below 1.2750 ahead of last US data of 2020 FX Street 1 year The USD/JPY pair trades around 103.15, down for the day as pressure on the greenback continues. The December low of 102.86 is in its sights, Valeria Bednarik, Chief Analyst at FXStreet, reports. Key quotes “The focus remains on coronavirus, amid news indicating resurgent contagions and deaths, but also the beginning of immunization. Japan reported 3,476 new cases and 43 deaths in the last 24 hours, whit over 1,000 reported in Tokyo. The numbers are records for the country, and the government is studying restrictive measures.” “Trading will likely come to a halt after the release of US Initial Jobless Claims… 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.
