Risk sentiment became off by the end of the week. Watch the video to explore the interesting patterns which present themselves on the charts!
Tag - jpy - japanese yen
The USD loses its grip over currencies as lighter moods enter the market.
EUR/JPY is likely to move further within an uptrend. Look for the break out above 121.55!
The market sentiment deteriorated amid increasing virus cases in the USA and Australia. Gold, USD and JPY are gaining, while stocks and riskier assets are loosening.
Despite the rising number of the coronavirus cases in the United States, traders await an increase in ISM Services PMI and are quite optimistic.
The NFP brought good figures last Thursday, but the spike of infections in the US keeps suppressing the risky momentum.
Concerns about the coronavirus clash with hopes of recovery. Traders await the US jobs data. Watch the video to find out what this means for the major pairs!
If the pair crosses this level, it will surge further, otherwise – reverse. Check it out.
The day has started with a stronger dollar, as bulls pushed USD/JPY higher.
Investors are still indecisive between the second wave virus fears and smoother recovery hopes, so we have unsure shaky risk-on spots at a generally mixed market background.
During this relatively mild trading session let's look at the moves of USD/JPY, Gold and S&P 500.
Have you seen the USD? It lost value against the EUR and JPY - a rare situation - grab it!