The greenback is under selling pressure across the board, which means a limited advance in USD/JPY, now trading in the 106.10 price zone. The pair is bullish in the short-term but needs to take over the 106.20 region for another leg higher, FXStreet’s Chief Analyst Valeria Bednarik briefs. Key quotes “The sentiment got boosted by US President Trump, who said late Monday that there’s no reason why the US economy can’t grow at a 20% pace in the third quarter, adding that he could cut taxes on capital gains and for middle-income families.” “The USD/JPY pair is neutral-to-bullish in the short-term, although still below the 106.20 price zone, the one to surpass to confirm another leg higher.” “The 4-hour chart shows that the pair is above its 20 and 100 SMA, as technical indicators lack directional strength but hold within positive levels. Chances of a bearish extension are limited, as USD/JPY would need to fall below 105.70 to attract sellers.” 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 UK PM Johnson: Need to make sure that we don’t have a second wave FX Street 2 years The greenback is under selling pressure across the board, which means a limited advance in USD/JPY, now trading in the 106.10 price zone. The pair is bullish in the short-term but needs to take over the 106.20 region for another leg higher, FXStreet’s Chief Analyst Valeria Bednarik briefs. Key quotes “The sentiment got boosted by US President Trump, who said late Monday that there’s no reason why the US economy can’t grow at a 20% pace in the third quarter, adding that he could cut taxes on capital gains and for middle-income families.” “The USD/JPY pair is neutral-to-bullish in the… 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.
