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The pair remains choppy as investors are not being able to assess risk properly – USD/JPY Market Outlook – 03/07/2020

SquaredFinancial

The Dollar/Yen’s yesterday bounce to 107.42 was backed by the upbeat employment report, which also boosted stocks, although the movements were quickly reverted amid coronavirus-related concerns. The virus seems out of control in the US, with the country reporting a record of over 51,000 new cases 24 hours ago. Dr. Fauci said that the country faces a “serious situation,” as the virus was never under control. Price remains choppy without any clear direction as investors are not being able to assess risk properly.

Support: 107.33 / 107
Resistance: 107.60 / 108.10

SquaredFinancial Daily Market Outlook


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Source: https://www.squaredfinancial.com/learn/daily-market-outlook/the-pair-remains-choppy-as-investors-are-not-being-able-to-assess-risk-properly-usd-jpy-market-outlook-03-07-2020
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