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Traders remain bullish anticipating another US Stimulus – USD/JPY Market Outlook – 15/12/2020


The dollar/yen dropped towards 103.50 yesterday amid falling equities and a sour sentiment, mainly triggered by New York city lockdown fears. Despite the risk off sentiment, traders remain in a bullish mood, knowing that another round of a stimulus package is just around the corner. We still think the pair is heading higher near-term. Today, any sign of progress in the US stimulus negotiations will boost the pair towards the 200-SMA.

Support: 103.90 / 103.70
Resistance: 104.20 / 104.75

SquaredFinancial Daily Market Outlook


SquaredFinancial Review

Source: https://www.squaredfinancial.com/learn/daily-market-outlook/traders-remain-bullish-anticipating-another-us-stimulus-usd-jpy-market-outlook-15-12-2020
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