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US Dollar weakness pushed the pair towards the 105 critical support – USD/JPY Market Outlook – 21/10/2020

SquaredFinancial

The pair is sliding towards the 105 support area, mainly on the back of a broad-based US dollar weakness, as the progress on the US fiscal stimulus talks boosted the market sentiment and weigh on the safe-haven greenback. We expect the 105 support to hold for now until the stimulus bill gets confirmed.

Support: 105.20 / 105
Resistance: 105.80 / 106.10

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Source: https://www.squaredfinancial.com/learn/daily-market-outlook/us-dollar-weakness-pushed-the-pair-towards-the-105-critical-support-usd-jpy-market-outlook-21-10-2020
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