We still see USDJPY moving higher whilst it remains above key support at 107.6 despite the influx of QE and aggressive rate cuts by the FED. However, with the US dollar seen as a safe haven and the Bank of Japan's own fiscal stimulus program we see USDJPY rising as countries look ease the coronavirus lockdown.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.