An outstanding US ISM Manufacturing PMI released yesterday gave investors a boost, as the USD appreciated. Meanwhile, data from Japan missing expectations make Valeria Bednarik, chief analyst at FXStreet, see a potential pickup for the USD/JPY. Key quotes “The USD/JPY pair retook the 109.00 level as the greenback continues to appreciate. Financial markets are showing less sign of concern about the coronavirus, despite the outbreak continues. (…) The improvement in mood was triggered by the upbeat US ISM Manufacturing PMI released Monday, so far unabated.” “The macroeconomic calendar offered overnight Japan’s Monetary Base, which increased in January by 2.9% YoY, missing the market’s expectations of 3.1%.” “USD/JPY has topped at 109.12, now trading a few pips below the level. The short-term picture is neutral, given that, in the 4-hour chart, technical indicators lost directional strength, the Momentum around its mid-line and the RSI at 57.” 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 AUD/USD consolidates RBA-inspired gains, trades above 0.6700 FX Street 2 years An outstanding US ISM Manufacturing PMI released yesterday gave investors a boost, as the USD appreciated. Meanwhile, data from Japan missing expectations make Valeria Bednarik, chief analyst at FXStreet, see a potential pickup for the USD/JPY. Key quotes “The USD/JPY pair retook the 109.00 level as the greenback continues to appreciate. Financial markets are showing less sign of concern about the coronavirus, despite the outbreak continues. (...) The improvement in mood was triggered by the upbeat US ISM Manufacturing PMI released Monday, so far unabated.” “The macroeconomic calendar offered overnight Japan’s Monetary Base, which increased in January by 2.9% YoY,… 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.
