In today's forex market weekly preview, the XAUUSD pair jumped to an intraday high of 1678.70. This is the highest it has been in more than seven years.
The USDJPY price outlook shows that the pair put in a strong green candle with gains of around 1.6% yesterday. What factors contributed to the surge?
The Flash February PMIs will take center stage this week and will provide the possible impact of the coronavirus on the global economy.
USD pulled back against the Yen yesterday following the equity markets on corona virus scare. Will the Corona Virus Concerns Impact USDJPY on the long-term?
As a part of 3 December trading signals for USD/JPY, XAU/USD, ETH/USD and BTC/USD I’ll also share some of my research below.
The Dollar/Yen broke below 107.80 yesterday, currently holding above 107.60, which is a key support level. Will price climb above 107.8 level?
The Japanese yen strengthens after a senior Bank of Japan (BOJ) official said that the bank will be willing to ramp up stimulus ‘through a combination of steps’ if the economy loses momentum.
USDJPY price is bearish below the 110.90 level as sellers may test towards the 110.65 and 110.40 levels.