Valeria Bednarik, a Chief Analyst at FXStreet, forecasts the USD/JPY pair breaking the critical 110.00 figure as risk is skewed to the upside. Key quotes “Reinforcing the positive sentiment, China announced it would halve tariffs on $75B worth of US goods starting February 14, as agreed on phase one of the trade deal. The US will also reduce tariffs on some Chinese goods on the same date, from 15% to 7.5%.” “The pair is consolidating near highs, with the risk skewed to the upside in the short-term. In the 4 hours chart, the advance extended above moving averages, while the 20 SMA has begun crossing above the larger ones.” 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 Chinese ambassador to London: UK’s over-reaction to coronavirus not helpful FX Street 2 years Valeria Bednarik, a Chief Analyst at FXStreet, forecasts the USD/JPY pair breaking the critical 110.00 figure as risk is skewed to the upside. Key quotes “Reinforcing the positive sentiment, China announced it would halve tariffs on $75B worth of US goods starting February 14, as agreed on phase one of the trade deal. The US will also reduce tariffs on some Chinese goods on the same date, from 15% to 7.5%.” “The pair is consolidating near highs, with the risk skewed to the upside in the short-term. In the 4 hours chart, the advance extended above moving averages, while 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.
