Japanese Yen Moves Lower

Japanese Yen Moves Lower

2020-10-14 • Updated

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EURJPYM30 (1).png

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CADJPYM30.png

Ichimoku Kinko Hyo

USD/JPY: The pair is trading in a bearish sentiment below the cloud. The currency pair has just surpassed the Kijun-sen and the Tenkan-sen, confirming a bearish momentum.

USDJPYM30 (1).png

Fibonacci Levels

XAU/USD: Gold stands below 38.2% retracement area and bulls appear stronger.

XAUUSDM30 (1).png

US Market View

US futures fell early in pre-US market open trading as investors' hopes that earnings season would provide some upward impetus waned. Sentiment deteriorated on the news that coronavirus hospitalizations in the US hit their highest level in six weeks and as optimism of an economic stimulus package continued to evaporate.

US Key Point

  • Fed's Barkin supports that unemployment adjusted for the drop in participation is around 11%
  • GBPUSD back above 100 hour moving average and resistance near the 1.3000 level
  • Cable back above 1.30
  • Spain's Catalonia closes restaurants and bars for 15 days starting Thursday

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