{"id":102766,"date":"2020-08-04T09:45:40","date_gmt":"2020-08-04T13:45:40","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=102766"},"modified":"2020-08-04T09:53:42","modified_gmt":"2020-08-04T13:53:42","slug":"103768-usd-jpy-bulls-struggle-around-106","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/103768-usd-jpy-bulls-struggle-around-106\/","title":{"rendered":"USD\/JPY Bulls Struggle Around 106"},"content":{"rendered":"<ul>\n<li><span style=\"font-weight: 400\">USD\/JPY skittish amidst recovery attempts<\/span><\/li>\n<li><span style=\"font-weight: 400\">Broad USD weakness<\/span><\/li>\n<li><span style=\"font-weight: 400\">US Factory data awaited<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400\">USD\/JPY bulls could pull up the pair from the day&#8217;s low &#8211; 105.83 but are not able to gain further upside due to weak follow-through buying. This price action is in tandem with dollar weakness against other major currencies.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The cautious trading was seen in European equities and the fall in S&amp;P 500 futures also added to the less cheerful mood for the greenback.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The dollar couldn&#8217;t gain much traction even after an upbeat US ISM Manufacturing PMI, probably weighed down by the Covid-19 resurgence.<\/span><\/p>\n<p><span style=\"font-weight: 400\">More dollar supply came in as the US real yields fell further and the US fiscal stimulus deal became a near possibility.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Bank of Japan&#8217;s (BOJ) Governor Haruhiko Kuroda comments gained more attention than the country&#8217;s macro news, for Yen traders. He had said on early Tuesday that the central bank might consider extending the March 2021 deadline for lending facilities to companies adversely affected by the pandemic. Tokyo and the rest of Japan have seen rising new infections of Covid-19.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The USD\/JPY will now await the US Factory Orders and virus data for immediate trading direction, along with sentiments on the global stocks and stimulus expectations.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>USD\/JPY skittish amidst recovery attempts Broad USD weakness US Factory data awaited USD\/JPY bulls could pull up the pair from the day&#8217;s low &#8211; 105.83 but are not able to gain further upside due to weak follow-through buying. This price action is in tandem with dollar weakness against other major currencies. The cautious trading was [&hellip;]<\/p>\n","protected":false},"author":163946612,"featured_media":5418,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[2675,1381],"tags":[],"class_list":{"0":"post-102766","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-jpy","8":"category-usd"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>USD\/JPY Bulls Struggle Around 106 - Currency Live<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/currencylive.com\/news\/103768-usd-jpy-bulls-struggle-around-106\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Stelian Olar\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103768-usd-jpy-bulls-struggle-around-106\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103768-usd-jpy-bulls-struggle-around-106\\\/\"},\"author\":{\"name\":\"Stelian Olar\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/c83637dd6dc82bcaadbc8b6c994d1186\"},\"headline\":\"USD\\\/JPY Bulls Struggle Around 106\",\"datePublished\":\"2020-08-04T13:45:40+00:00\",\"dateModified\":\"2020-08-04T13:53:42+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103768-usd-jpy-bulls-struggle-around-106\\\/\"},\"wordCount\":211,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103768-usd-jpy-bulls-struggle-around-106\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100933-gbp-usd-super-wednesday-events.jpg\",\"articleSection\":[\"JPY\",\"USD\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2020\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103768-usd-jpy-bulls-struggle-around-106\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103768-usd-jpy-bulls-struggle-around-106\\\/\",\"name\":\"USD\\\/JPY Bulls Struggle Around 106 - 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