The USD/JPY pair is trading around 104.10, retaining its bullish stance, as the dollar’s strength persists on stimulus hopes. The next stubborn resistance is seen at 104.50, as FXStreet’s Chief Analyst Valeria Bednarik notes. See – USD/JPY to test key resistance at 104.59/77 – Credit Suisse Key quotes “The American dollar keeps advancing backed by a mixture of risk-aversion and speculation of more fiscal stimulus coming in the US.” “A daily descendant trend line coming from March 2020 provides critical resistance in the 104.50 region.” 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 USTR Lighthizer advises Biden administration to keep tariffs on China – WSJ FX Street 11 months The USD/JPY pair is trading around 104.10, retaining its bullish stance, as the dollar’s strength persists on stimulus hopes. The next stubborn resistance is seen at 104.50, as FXStreet’s Chief Analyst Valeria Bednarik notes. See – USD/JPY to test key resistance at 104.59/77 – Credit Suisse Key quotes “The American dollar keeps advancing backed by a mixture of risk-aversion and speculation of more fiscal stimulus coming in the US.” “A daily descendant trend line coming from March 2020 provides critical resistance in the 104.50 region.” 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.
