US dollars first tried to recover during Wednesday’s trading session but returned the gains to show signs of exhaustion in general. In the end, the market seems to be able to go from the lowest of the last few days and perhaps reach the level of 105 ¥, but it must also be borne in mind that the American economy is in trouble because of the coronavirus. That said, Japan also has the same issues, so at this point it’s likely that people are running towards the security of the Japanese yen in general. “Data-reactid =” 12 “> The US dollar initially attempted to rally during the trading session. On Wednesday, but returned the earnings to show signs of exhaustion in general. Ultimately, the market looks set to fall compared to the lows of the past two days and may reach the level of ¥ 105, but it should also be borne in mind that the US economy is in trouble due to the coronavirus. That said, Japan also has the same problems, so at this point it is likely that people will run to the safety of the Japanese yen in general.
USD / JPY Video 02.04.20
It should be noted that volatility will continue to be overwhelming, which of course is a sign that people are likely to seek security in general. While the U.S. dollar is considered a safety currency, the Japanese yen generally outperforms it. Plus, I think we’re trying to find a range, so it shouldn’t be a huge surprise as we fall back down. I think this market will eventually find “fair value, but we may not be there yet.” In other words, we have a lot of noise in front of us. In addition, the summer on employment comes out on Friday and of course this will be one of the main goals of the minds of Forex traders. This pair tends to be particularly sensitive to this announcement, so you can expect a lot of rebounds in the next two days, especially at 8:30 a.m.New York time on Friday when the announcement is published.
article was originally published on FX Empire “data-reactid =” 16 “> This article was originally published on FX Empire