- The dollar cuts losses on Thursday, but remains under pressure.
- Profits on Wall Street have failed to change the downtrend of USD / JPY.
He USD / JPY fell to 102.99 on Thursday, and is still unable to decisively break below 103.00. The bias continues to point to the downside in a context of widespread dollar weakness. Price tours remain limited in the face of a low volume session.
In the last session of 2020, the USD / JPY continues to press against the 103.00 zone. The dollar cut losses in the last hours but is still under pressure with the DXY trading in the zone of lows in two years. US unemployment benefit claims data will be released.
Wall Street points to an opening in mixed terrain, without major changes, validating the important gains of this year and close to record highs, something unthinkable back in March.
The The rise in the stock markets did not serve in recent months to give a strong boost to the USD / JPY that after the peak in March, began to move with a downward bias that still maintains it. The dominant downtrend is expected to continue as long as it is below the eight-month trend line, today around 104.70 / 104.90.
Technical levels
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