- Dollar is weak on Wednesday, DXY unchanged.
- The rise in the stock market keeps the yen limited.
USD / JPY is trading unchanged on Wednesday around the 103.75 area. It has been moving in a small range for hours and prior to the opening of Wall Street, it is close to the lower limit.
He dollar It is in negative territory against most of its rivals on Wednesday, although the DXY rises modestly and remains at the 90.50 zone, supported by the decline in the EUR / USD.
He yen is displayed with mixed results, influenced mainly by the rise of the shares. The futures of the main indices climb, in anticipation of the stimulus package of president-elect Joe Biden and before the first corporate results of the fourth quarter. In just over two and a half hours, Biden will take office as president, leaving the Trump era behind. You are expected to take action today.
In the bond market, returns are moving within range these days, that is, without relevant variations. In case of big moves here, action would be expected in USD / JPY.
The volatility in USD / JPY remains very low, with the pair still in an underlying downtrend, being below a downtrend line for several months. Although in the short term, the pair is supporting the 20-day moving average that is passing through 103.55 / 60. The 103.50 / 60 area is a key support, which if given up would enable further declines.
Technical levels
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