USD/JPY Pressured by Document-Smashing Spike in Jobless Claims
USD/JPY PRICE FORECAST: US DOLLAR PLUNGES AGAINST YEN AS WEEKLY JOBLESS CLAIMS EXPLODE ON CORONAVIRUS FALLOUT
- USD/JPY slipped greater than 200-pips from Wednesday’s excessive because the US Dollar begins to offer again latest good points
- US Greenback weak point gained tempo following the jaw-dropping 3.Three million rise in weekly jobless claims amid the coronavirus lockdown
- Spot USD/JPY value motion now testing confluent assist across the 110.00 deal with
I famous on Tuesday that the US Greenback was starting to come back below strain as FX volatility ebbs and the FOMC ramps up liquidity efforts. Draw back within the US Greenback has since accelerated after historic jobless claims information exploded off the charts. US Greenback weak point was witnessed notably in USD/JPY because the Yen gained floor – maybe resulting from its standing as a safe-haven currency.
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