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US Stimulus headlines might push the pair higher – USD/JPY Market Outlook – 09/12/2020

SquaredFinancial

The dollar/yen bulls attempting to break above the recent range on the upbeat market mood fueled by the positive vaccine news, as Britain became the first Western nation to begin a vaccination campaign. The broader risk-on sentiment along with the US fiscal stimulus headlines, should continue to boost the pair higher towards at least 104.40 in the near-term.

Support: 103.70 / 103.20
Resistance: 104.20 / 104.75

SquaredFinancial Daily Market Outlook


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Source: https://www.squaredfinancial.com/learn/daily-market-outlook/us-stimulus-headlines-might-push-the-pair-higher-usd-jpy-market-outlook-09-12-2020
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