The USD/JPY pair, which is stuck around 103.80, needs to regain the 104.40 mark to turn bullish, Valeria Bednarik, Chief Analyst at FXStreet, reports. Key quotes “The latest optimism comes from the US and Joe Biden’s inauguration, to take place later today. He nominated Janet Yellen as Treasury Secretary, who spoke yesterday pledging to boost stimulus. Biden is expected to sign multiple executive orders today, to reverse some of Trump’s decisions.” “A long-term descendant trend line in the 104.30 price zone provides critical resistance, and the USD/JPY pair would need to firmly advance beyond 104.40 to turn bullish.” 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 Top 3 Price Prediction Bitcoin, Ethereum, Ripple: The levels bulls eye on Biden’s inauguration day FX Street 2 years The USD/JPY pair, which is stuck around 103.80, needs to regain the 104.40 mark to turn bullish, Valeria Bednarik, Chief Analyst at FXStreet, reports. Key quotes “The latest optimism comes from the US and Joe Biden’s inauguration, to take place later today. He nominated Janet Yellen as Treasury Secretary, who spoke yesterday pledging to boost stimulus. Biden is expected to sign multiple executive orders today, to reverse some of Trump’s decisions.” “A long-term descendant trend line in the 104.30 price zone provides critical resistance, and the USD/JPY pair would need to firmly advance beyond 104.40 to turn bullish.” 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.
