The USD/JPY pair trades around 108.40, with limited bearish scope as it lacks momentum, Valeria Bednarik, Chief Analyst at FXStreet, reports. See – USD/JPY: Levels between 109.00 and 110.00 to be the top for this current rally – MUFG Key quotes “The US House has passed on Wednesday the $1.9 trillion stimulus bill, and President Joe Biden will sign in on Friday. The US calendar will include a speech from US President Biden on the first anniversary of the coronavirus-related shutdowns. The country will publish Initial Jobless Claims for the week ended March 5, foreseen at 725K.” “In the 4-hour chart, a flat 20 SMA caps the upside, while the longer ones maintain their bullish slopes below it. Technical indicators have extended their slides, the Momentum within negative levels, and the RSI holding just above its midline.” 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 NZD/USD consolidates daily gains around 0.7230 as USD struggles to find demand FX Street 1 year The USD/JPY pair trades around 108.40, with limited bearish scope as it lacks momentum, Valeria Bednarik, Chief Analyst at FXStreet, reports. See - USD/JPY: Levels between 109.00 and 110.00 to be the top for this current rally - MUFG Key quotes "The US House has passed on Wednesday the $1.9 trillion stimulus bill, and President Joe Biden will sign in on Friday. The US calendar will include a speech from US President Biden on the first anniversary of the coronavirus-related shutdowns. The country will publish Initial Jobless Claims for the week ended March 5, foreseen at 725K." "In the 4-hour… 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.
