Market players keep selling the greenback, following the US Federal Reserve monetary policy announcement. The USD/JPY pair is flirting with the 103.00 level and risks a slip towards 102.20, Valeria Bednarik, Chief Analyst at FXStreet, reports. Key quotes “Hopes about a Brexit deal and a US stimulus package kept the safe-haven currency under pressure ever since the week started. The Federal Reserve maintained its monetary policy unchanged and pledged to keep supporting the economy. Policymakers reiterated their dovish stance but refrained from hinting at more easing.” “The USD/JPY pair maintains its bearish tone in the near-term. The 4-hour chart shows that technical indicators have reached oversold conditions, partially losing their bearish momentum but without signs of changing course. The 20 SMA accelerated south below the larger ones, reflecting selling interest strength.” “Support levels: 102.70 102.20 101.80 – Resistance levels: 103.15 103.50 103.90” 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 EUR/USD to see spikes toward 1.30 in Q1 2021 – Westpac FX Street 2 years Market players keep selling the greenback, following the US Federal Reserve monetary policy announcement. The USD/JPY pair is flirting with the 103.00 level and risks a slip towards 102.20, Valeria Bednarik, Chief Analyst at FXStreet, reports. Key quotes “Hopes about a Brexit deal and a US stimulus package kept the safe-haven currency under pressure ever since the week started. The Federal Reserve maintained its monetary policy unchanged and pledged to keep supporting the economy. Policymakers reiterated their dovish stance but refrained from hinting at more easing.” “The USD/JPY pair maintains its bearish tone in the near-term. The 4-hour chart shows… 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.
