The USD/JPY pair is up on broad dollar’s demand, approaching the 104.00 level, and could extend its gains to 104.70, FXStreet’s Chief Analyst Valeria Bednarik reports. Key quotes “The sentiment soured amid UK-related news, as Brexit-talks remain in limbo, while the UK announced tougher levels of restrictions amid a new strain of coronavirus that seems to be much more contagious.” “Stocks are in free-fall, while US Treasury yields are also in retreat-mode, despite US Congress reached an agreement on a $900 billion coronavirus relief package that should be voted this Monday.” “The USD/JPY pair is bullish in the near-term and could extend the current rally towards the 104.70 price zone.” 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 extends daily rally beyond 1.2900 on USD strength, oil selloff FX Street 1 year The USD/JPY pair is up on broad dollar’s demand, approaching the 104.00 level, and could extend its gains to 104.70, FXStreet’s Chief Analyst Valeria Bednarik reports. Key quotes “The sentiment soured amid UK-related news, as Brexit-talks remain in limbo, while the UK announced tougher levels of restrictions amid a new strain of coronavirus that seems to be much more contagious.” “Stocks are in free-fall, while US Treasury yields are also in retreat-mode, despite US Congress reached an agreement on a $900 billion coronavirus relief package that should be voted this Monday.” “The USD/JPY pair is bullish in the near-term and… 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.
