• Press Releases
    • Submit a press release
    • Read All
  • Advertise
  • Contact us
Crypto.com Logo Crypto.com Logo
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • Gambling
      • Bitcoin Casinos
      • Real Money Slots
      • Online Casino Real Money
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Play Finance
Breaking News: Breaking: Digital Currency Group (DCG) Pulls The Plug On TradeBlock: The End Of An Era?
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • Gambling
      • Bitcoin Casinos
      • Real Money Slots
      • Online Casino Real Money
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Play Finance
Bitcoinist.com
No Result
View All Result
Breaking News: Breaking: Digital Currency Group (DCG) Pulls The Plug On TradeBlock: The End Of An Era?
USDJPY Update: Rising Coronavirus Cases, Lack of Stimulus, US Election
Advertisement

USDJPY Update: Rising Coronavirus Cases, Lack of Stimulus, US Election

Bitcoinist by Bitcoinist
3 years ago
in Industry, Markets and Prices
0
Advertisement
Advertisement

The US dollar dropped on Tuesday amid concerns of the rising coronavirus cases in Europe and the US, and uncertainties surrounding the US election. How will it move against the Japanese yen in the coming weeks?


On Monday, the USDJPY gained slightly amid the US, Russia, and France seeing a second wave of coronavirus infections. New protocols have been enforced. European countries including Belgium, Croatia, the Czech Republic, France, and Germany have also recently recorded their highest daily counts since March.

Claim the JACKPOT with 55 FREE SPINS. Signup today to redeem your bonus.

Hopes for another US fiscal stimulus grow meek as Washington policymakers revealed very little clues about it happening in the near future. The US dollar will delight in a negative fiscal stimulus. Despite the previous gain, USDJPY dropped on Tuesday as bears took control of the market. 

The USDJPY pair is on a downtrend for quite a while now. Margin traders would do well to closely observe the large psychological level at ¥105. According to a forex analyst at UOB Group, the outlook remains negative, and the price drop could extend further to the ¥104 level in the coming weeks.

USDJPY trajectory in the past 3 months, SimpleFX WebTrader
USDJPY trajectory in the past 3 months [1D chart], SimpleFX WebTrader
Support for the USDJPY pair is now at ¥104.73 and then at ¥104.52. The pair is currently testing the ¥104.91 resistance, which can go forward towards ¥105.12 if the tide gets better. At present, USDJPY is trading at ¥104.50 (3:17 pm UTC).

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?
570% up to 12 BTC + 300 Free Spins for new players & 1 BTC in bonuses every day, only at Wild.io. Play Now!

The US election uncertainties add more pressure to the markets. Many traders foresee a larger US stimulus package if Biden takes the presidential seat and the Democrats take over the Senate. The spending will weaken the US dollar more.

The gap in the election polls is narrowing a bit between Biden and Trump, and the risk tone can be tighter as the election date on November 3 nears. If the gap widens toward the end of the week, the markets could lean towards positive risk, which could stomp on the US dollar and push the Japanese yen further up.

Trade USDJPY at SimpleFX and make huge profits from the impending price moves. No matter if the market goes up or down, you can produce lofty revenue by speculating on USDJPY prices. We offer up to 500x leverage so you can stretch your limit to the top!

Join the USDJPY Trading Contest this week and get a chance to cash in prizes from the $500 prize pool. All you have to do is trade USDJPY from October 26 to November 1. Traders with the highest trading volumes will receive exciting rewards. Don’t miss it!


Disclaimer: The information presented here does not constitute investment advice or an offer to invest. The statements, views, and opinions expressed in this article are solely those of the author/company and do not represent those of Bitcoinist. We strongly advise our readers to DYOR before investing in any cryptocurrency, blockchain project, or ICO, particularly those that guarantee profits. Furthermore, Bitcoinist does not guarantee or imply that the cryptocurrencies or projects published are legal in any specific reader’s location. It is the reader’s responsibility to know the laws regarding cryptocurrencies and ICOs in his or her country.

ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.

Bitcoinist

Bitcoinist

Bitcoinist is the ultimate news and review site for the crypto currency community!

Related Posts

Canadian Online Slots – Best Real Money Slots in Canada

Canadian Online Slots – Best Real Money Slots in Canada

2 days ago
HedgeUp (HDUP) Could outrank Shiba Inu (SHIB) and Polygon (MATIC) in Market Cap by 2023

HedgeUp (HDUP) Could outrank Shiba Inu (SHIB) and Polygon (MATIC) in Market Cap by 2023

3 days ago
Crypto Experts Advise to Invest in HedgeUp (HDUP) and Shiba Inu (SHIB) Before Summer Skyrocket

Crypto Experts Advise to Invest in HedgeUp (HDUP) and Shiba Inu (SHIB) Before Summer Skyrocket

3 days ago
How to Buy Shiba Inu (SHIB) on MEXC Global and HedgeUp (HDUP)

How to Buy Shiba Inu (SHIB) on MEXC Global and HedgeUp (HDUP)

3 days ago
These Two Crypto Tokens Can Beat ETH in 2023: Learn About These Two Huge Altcoins

These Two Crypto Tokens Can Beat ETH in 2023: Learn About These Two Huge Altcoins

3 days ago
These Two Tokens are Incorporating Some of the Biggest Trends: Memes and AI

These Two Tokens are Incorporating Some of the Biggest Trends: Memes and AI

3 days ago
Please login to join discussion

Premium Partners

Premium Casino Partners

Play Finance

Top Casinos

Trust Dice
Trust Dice
Punt Casino
Punt Casino
mBit
mBit
1xBit
1xBit
K8
K8

Press Releases

  • Making Green or Being Ecofriendly: AltSignals Presale Wins...

    2 hours ago
  • Bware Labs Launches $INFRA Token, making high API...

    2 hours ago
  • This Polygon (MATIC) rival is predicted to reach a $1B...

    3 hours ago
  • The Hype of the InQubeta (QUBE) Presale is so Impressive...

    3 hours ago
  • Can Cardano Reach $1 In The Next 3 Months? Tradecurve Has...

    5 hours ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS
  • NAGA

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

Pages

  • Contact us
  • Editorial Policy
  • Advertise
© 2023 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • Gambling
      • Bitcoin Casinos
      • Real Money Slots
      • Online Casino Real Money
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Play Finance

© 2022 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.