Japanese Yen Skyrockets

Japanese Yen Skyrockets

2020-09-21 • Updated

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Ichimoku Kinko Hyo

EUR/JPY: The pair is trading in a bearish sentiment below the cloud. The currency pair has just surpassed the Kijun-sen and the Tenkan-sen, confirming a bearish momentum.

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Fibonacci Levels

 XAU/USD: Gold has made a full correction. The risk averse does not help gold today.

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US Market View

Stocks are set to tumble on a cocktail of bad news: the virus is surging again in Europe, while the death of Supreme Court Justice Ruth Bader Ginsburg threatens to distract lawmakers from the business of passing a fiscal stimulus package.

US stock markets are set to open sharply lower on Monday, weighed down by a cocktail of news, not least by suspicions that the death of Supreme Court justice Ruth Bader Ginsburg at the weekend will distract lawmakers from the urgent task of approving a new package of economic support measures

US Key Point

  • The JPY is the strongest and the NZD is the weakest
  • Fed's Kaplan supports that once US gets to the point of lower unemployment; not sure rates stay at zero
  • UK chief medical adviser Whitty supports that it is difficult to balance between the virus and the economy

TRADE NOW

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