The USD/JPY pair continues to trade just below the 109.00 mark, although holding on to weekly gains. The greenback remains generally weak, as investors still favour high-yielding equities, FXStreet’s Chief Analyst Valeria Bednarik briefs. Key quotes “BOJ’s Governor Kuroda was on the wires during the Asian session, remarking the economic uncertainty related to the ongoing coronavirus crisis. As expected, he added that policymakers won’t hesitate to add easing if necessary.” “The US will publish today initial jobless claims for the week ended March 27, expected once again in the millions.” “In the 4-hour chart, USD/JPY is just below converging 20 and 100 SMA, while the Momentum indicator flat at around its 100 level. The RSI eases, but also stands around its mid-line.” “The main resistance is 109.38 the weekly high, while the downside will remain limited as long as the price holds above 108.25.” 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 France: Economy to shrink by most since World War II – MUFG FX Street 2 years The USD/JPY pair continues to trade just below the 109.00 mark, although holding on to weekly gains. The greenback remains generally weak, as investors still favour high-yielding equities, FXStreet’s Chief Analyst Valeria Bednarik briefs. Key quotes “BOJ’s Governor Kuroda was on the wires during the Asian session, remarking the economic uncertainty related to the ongoing coronavirus crisis. As expected, he added that policymakers won’t hesitate to add easing if necessary.” “The US will publish today initial jobless claims for the week ended March 27, expected once again in the millions.” “In the 4-hour chart, USD/JPY is just below converging 20… Top 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.
