The new report from the Federal Reserve | 03 December 2020

03 December 2020, USD/JPY

USDJPY trading plan:

The U.S. economic recovery remained moderate across much of the country, and showed signs of a slowdown in areas where virus cases are particularly high, according to a new report from the Federal Reserve. The number of coronavirus cases in the U.S. has increased sharply since the end of October. The surge is leading some cities and states to again implement lock down measures. The arrival of colder winter weather in much of the country is also dampening economic activity, as virus-compatible activities like dining outdoors become impossible.

Investment idea: range 104.00 -104.60

David Johnson
Analyst of «FreshForex» company
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