Open Demo Account
Home / Market Update / Forex Market / USD/JPY Struggling to Restore 104.75 Level

USD/JPY Struggling to Restore 104.75 Level

M. Ali 30 October, 2020 9:53 pm Forex Market, Market Update

The US Dollar (USD) is rebounding against the Japanese Yen (JPY) on Friday, after showing a negative performance earlier in the day.

The USD/JPY pair is marginally up for the day by 0.02% at 104.63, and has been moving throughout the day between 104.130 and 104.740, facing strong resistance at 104.750.

This comes as the demand for safe havens is on the rise amid uncertainty about the upcoming elections in the United States and concerns about a new wave of the Coronavirus pandemic.

Tags

Check Also

Japanese Yen Slides Toward 40-Year Lows as Markets Doubt Immediate Government Action

The Japanese Yen came under renewed selling pressure at the start of the week, pushing …

This site contains information and opinions for the purpose of providing only general information and can not be relied upon. The information and opinions contained in this Site shall in no way constitute an offer or solicitation to buy, sell or subscribe to any investment product. Users of this site shall bear any risks arising from the use of any information, opinion, program, service or material. Noor Trends reserves the right to make any change to the Site, the information, opinions, materials, products, programs, services or prices (if any) at any time without notice.
All copyrights reserved Noor Trends