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Yen stronger after US stimulus package postponed after elections – USD/JPY Market Outlook – 15/10/2020

SquaredFinancial

The Dollar/Yen followed the decline in equities triggered by news indicating that a possible US coronavirus aid package wouldn’t be likely before the presidential election. Investors rushed to the anti-risk Yen pushing the pair towards 105 major support. If risk appetite remains weak today, then we will likely witness fresh monthly lows on this pair below 105.

Support: 105 / 104.85
Resistance: 105.30 / 105.60

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Source: https://www.squaredfinancial.com/learn/daily-market-outlook/yen-stronger-after-us-stimulus-package-postponed-after-elections-usd-jpy-market-outlook-15-10-2020
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