{"id":102846,"date":"2020-08-05T09:19:44","date_gmt":"2020-08-05T13:19:44","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=102846"},"modified":"2020-08-05T09:25:09","modified_gmt":"2020-08-05T13:25:09","slug":"103774-usd-jpy-trades-weak-bounces-off-weekly-lows","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/103774-usd-jpy-trades-weak-bounces-off-weekly-lows\/","title":{"rendered":"USD\/JPY Trades Weak, Bounces off Weekly Lows"},"content":{"rendered":"<ul>\n<li>USD bearishness pushed the pair down<\/li>\n<li>JPY also not in favour during upbeat market mood<\/li>\n<li>Traders look ahead to US ADP report and ISM Non-Manufacturing PMI<\/li>\n<\/ul>\n<p>The USD\/JPY bounced-up 20 pips from its weekly lows and was trading near the day&#8217;s high &#8211; around the 105.7 mark.<\/p>\n<p>The pair had earlier extended its bearish moves from the 106.45 levels and continued depressed in the first half of the trading action. The better-than-expected US ISM Manufacturing PMI on Monday couldn&#8217;t dilute the scepticism regarding the US economy&#8217;s recovery, putting the greenback&#8217;s strength to the test.<\/p>\n<p>Adding to the trouble for the US economy is the lack of clarity on the US fiscal-stimulus-deal progress. The lawmakers are reportedly far-off from reaching a consensus, even though both Republican and Democratic camps have indicated to work towards having a deal by the end of this week.<\/p>\n<p>Also, it has to be noted that the US Treasury Secretary Steven Mnuchin downplayed the chances of the stimulus to be anywhere near the 3.4 trillion dollars sought by the democrats. Such differences of expectations in both camps exerted pressure on the USD\/JPY, balanced by the subdued demand for the Japanese Yen; due to the upbeat mood in pro-risk assets like equities and commodities.<\/p>\n<p>Traders and investors are looking forward to the ADP report on private-sector employment and ISM Non-Manufacturing PMI for July for further action on the pair.<\/p>\n<div class=\"su-box su-box-style-default\" id=\"\" style=\"border-color:#000061;border-radius:3px;max-width:none\"><div class=\"su-box-title\" style=\"background-color:#071894;color:#FFFFFF;border-top-left-radius:1px;border-top-right-radius:1px\">USD Index Today - last 180 days<\/div><div class=\"su-box-content su-u-clearfix su-u-trim\" style=\"border-bottom-left-radius:1px;border-bottom-right-radius:1px\">\n<img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2020\/08\/a8538a9bff2dc02dff4e1fea1c61c518.png\" alt=\"\" width=\"800\" height=\"348\" class=\"aligncenter size-full wp-image-102809\" srcset=\"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2020\/08\/a8538a9bff2dc02dff4e1fea1c61c518.png 800w, https:\/\/currencylive.com\/news\/wp-content\/uploads\/2020\/08\/a8538a9bff2dc02dff4e1fea1c61c518-300x131.png 300w, https:\/\/currencylive.com\/news\/wp-content\/uploads\/2020\/08\/a8538a9bff2dc02dff4e1fea1c61c518-768x334.png 768w, https:\/\/currencylive.com\/news\/wp-content\/uploads\/2020\/08\/a8538a9bff2dc02dff4e1fea1c61c518-696x303.png 696w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><\/p>\n<div style=\"font-size: 75%; line-height: 1.5;\"><div class=\"su-expand su-expand-collapsed su-expand-link-style-default no-margin\" data-height=\"0\"><div class=\"su-expand-content su-u-trim\" style=\"color:#333333;max-height:0px;overflow:hidden\">Currency Index charts show the <strong>strength of a single currency<\/strong> based on a basket of foreign currencies. This is done using a weighted mean (an average) of the 5 largest routes from that source currency and their daily FX rates. You can explore <a style=\"color:#0088FF\" href=\"\/exchange-rate\/\">live exchange rates here<\/a>.<\/div><div class=\"su-expand-link su-expand-link-more\" style=\"text-align:center\"><a href=\"javascript:;\" style=\"color:#0088FF;border-color:#0088FF\"><span style=\"border-color:#0088FF\">What does this show? <\/span><\/a><\/div><div class=\"su-expand-link su-expand-link-less\" style=\"text-align:center\"><a href=\"javascript:;\" style=\"color:#0088FF;border-color:#0088FF\"><span style=\"border-color:#0088FF\">Show less<\/span><\/a><\/div><\/div><\/div>\n<\/div><\/div>\n","protected":false},"excerpt":{"rendered":"<p>USD bearishness pushed the pair down JPY also not in favour during upbeat market mood Traders look ahead to US ADP report and ISM Non-Manufacturing PMI The USD\/JPY bounced-up 20 pips from its weekly lows and was trading near the day&#8217;s high &#8211; around the 105.7 mark. The pair had earlier extended its bearish moves [&hellip;]<\/p>\n","protected":false},"author":163946612,"featured_media":5438,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[2675,1381],"tags":[],"class_list":{"0":"post-102846","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 Trades Weak, Bounces off Weekly Lows - 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\/103774-usd-jpy-trades-weak-bounces-off-weekly-lows\/\" \/>\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\\\/103774-usd-jpy-trades-weak-bounces-off-weekly-lows\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103774-usd-jpy-trades-weak-bounces-off-weekly-lows\\\/\"},\"author\":{\"name\":\"Stelian Olar\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/c83637dd6dc82bcaadbc8b6c994d1186\"},\"headline\":\"USD\\\/JPY Trades Weak, Bounces off Weekly Lows\",\"datePublished\":\"2020-08-05T13:19:44+00:00\",\"dateModified\":\"2020-08-05T13:25:09+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103774-usd-jpy-trades-weak-bounces-off-weekly-lows\\\/\"},\"wordCount\":296,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103774-usd-jpy-trades-weak-bounces-off-weekly-lows\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100943-gbp-usd-pound-up-on-inflation.jpg\",\"articleSection\":[\"JPY\",\"USD\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2020\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103774-usd-jpy-trades-weak-bounces-off-weekly-lows\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103774-usd-jpy-trades-weak-bounces-off-weekly-lows\\\/\",\"name\":\"USD\\\/JPY Trades Weak, Bounces off Weekly Lows - 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