Market Update: USDJPY

สิงหาคม 28, 2020
by Joseph Jeffriess, Market Analyst

Today we take a look at USDJPY daily chart.

Traders, there’s been an exodus out of the USDJPY. After a push higher price has tumbled 1%. We look at the current lower high is this the start of a new trend continuation lower? If selling continues could we see new tests of 105.40 or 104.70?

Since FED chair Powells commented yesterday the USD has returned swiftly to sell mode. The EUR, AUD and GBP continue strong rallies the AUD and GBP hitting new weekly highs.

Will today’s Jackson Hole Symposium maintain the current spate of USD selling?

Today’s Market Analysis Video

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