The direction of the USD/JPY will be determined by trader demand for riskier assets and the movement in the Treasury yields. If global equity markets continue to rally on the vaccine news, bond markets will sell off as yields rise and that will cause a repricing across all asset classes, making the low-yielding Japanese Yen a less-attractive investment.
Based on technical chart and gann fanns, I think we will have a retracement to 104.70 soon before any further movement. in New York session we will have some more volatality.
this pair is sensitive for news!
unless any great news comes out you ay use range trading strategies.
please like and follow me if this information is useful for you!
Based on technical chart and gann fanns, I think we will have a retracement to 104.70 soon before any further movement. in New York session we will have some more volatality.
this pair is sensitive for news!
unless any great news comes out you ay use range trading strategies.
please like and follow me if this information is useful for you!
