Investors have rushed to riskier currencies | 26 November 2020

26 November 2020, USD/JPY

Investors have rushed to riskier currencies

USDJPY trading plan:

Investors have rushed to riskier currencies and emerging-market assets in recent weeks after positive data on COVID-19 vaccine efficacy and signs of stability in U.S. politics, which has weighed broadly on the dollar. Sentiment for the greenback took a hit after data on Wednesday showed weekly U.S. jobless claims rose more than expected and personal incomes fell. Global coronavirus numbers show no signs of slowing their growth at present, with cases worldwide past the 60 million mark, 12.77 million of them in the U.S alone, according to Johns Hopkins University data.

Investment idea: range 104.00 -104.80.

David Johnson
Analyst of «FreshForex» company
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