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Oct 14 - 06:55 AM

USD/JPY - Capped By COVID-19 Concerns And U.S. Fiscal Impasse

By Martin Miller  —  Oct 14 - 04:55 AM
  • In times of uncertainty, funds usually flow into the safe-haven yen

  • Various concerns including COVID-19 spread worldwide, U.S. fiscal impasse

  • European shares muted on doubts around vaccine trial, lockdowns nL4N2H5204

  • USD/JPY bears need to force a close under broken Fibo nL1N2H505C

  • 105.30 Fibo is a 38.2% retrace of the 104.00 to 106.11 Sept to Oct gain

  • USD/JPY range has been 105.31-105.51 Wednesday, according to EBS prices

  • EUR/JPY's correlations with USD/JPY high, 30-day log above +0.50

Daily Ichimoku Chart: Click here

Refinitiv IFR Research/Market Commentary


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