In the early Wednesday, the USD/JPY is trading lower and it is moving closer to the Nov 6 target at 103.177. At 12:42 p.m. Kuala Lumpur time, the USD/JPY is trading around 103.499, which down 0.142 or 0.14%.
The new U.S. stimulus pressured the U.S. dollar which traders appear to be growing more optimistic toward the deal. Other than that, weighing on the FX pair are expectations of an extremely bearish U.S. Federal Reserve.
Investors looked more on the past new restrictions to fight Covid-19 and focused on the possibility of U.S. stimulus that could weight on the U.S. dollar. Thus, the USD/JPY is moving downward but holding at the position slightly above its 6-week low. Other than that, the U.S. is expected to keep its interest rates near 0 where rates are headed in the coming years.
FOLLOWME Overall Sentiment (As of 3:00 p.m.)
As shown above, the overall sentiment of FOLLOWME traders in this symbol leans towards long position with a ratio of 65.06% while the rest of 34.94% is short position.
تم التحرير 16 Dec 2020, 16:20
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