- Dollar rises along the market, DXY is approaching 91.00.
- USD / JPY rises despite risk aversion, remains in recovery mode.
He USD / JPY is rising on Monday and climbed to 103.88, reaching the highest level since last Wednesday. The rise reflects the strength of the dollar as equity markets are falling sharply throughout the world, without significantly benefiting the yen. The pair is trading at 103.65 / 70, after moderating the upside.
The advance of the USD / JPY may generate surprise as there is a sharp fall in the stock markets. The main Wall Street indices point to an open in the red with falls of more than 1%. In Europe, the main places fall on average 3%.
A new strain of coronavirus by England led to bans on flights to the UK in several countries. This generated fears throughout the world. In the middle is the Bretix. The decline in equity markets has been from highs in several months.
The news of the US legislative agreement to introduce more stimulus may come as a relief in the context of Monday’s bad mood. The approval would be in the very short term. The stimuli would reach $ 900,000 million.
Technical levels
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