{"id":106068,"date":"2020-10-22T14:42:07","date_gmt":"2020-10-22T13:42:07","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=106068"},"modified":"2020-10-22T14:42:07","modified_gmt":"2020-10-22T13:42:07","slug":"104617-usd-jpy-treads-water-above-104-50","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/104617-usd-jpy-treads-water-above-104-50\/","title":{"rendered":"USD\/JPY treads water above 104.50"},"content":{"rendered":"<ul>\n<li><strong>USD\/JPY crawled higher on Thursday, lacking any follow through buying.<\/strong><\/li>\n<li><strong>The risk-off market mood undermined the safe-haven JPY capping early gains.<\/strong><\/li>\n<li><strong>A\u00a0 pickup in USD demand was supportive, limiting downside.<\/strong><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">The USD\/JPY hit the daily low in early trade in the\u00a0 European session. However, the move lacked strong follow-through. USD\/JPY trades mildly higher around104.50<\/span><\/p>\n<p><span style=\"font-weight: 400;\">USD\/JPY failed to capitalize on early gains with sellers coming in around 25-30 pips from the intraday high of 104.75. Risk aversion took over amid fading hopes about a pre-election US fiscal stimulus package underpinning the safe-haven Japanese yen and limiting meaningful upside for\u00a0 USD\/JPY.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">House Speaker Nancy Pelosi will continue discussions with the US Treasury Secretary Steven Mnuchin. She remains optimistic about reaching a deal. However, she also acknowledged that the November 3<\/span><span style=\"font-weight: 400;\">rd<\/span><span style=\"font-weight: 400;\"> deadline could be too tight. Concerns also rose over Congress\u2019 ability to overcome strong opposition from Senate Republicans over such a large stimulus bill.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Furthermore, US President Trump accused Democrats of being unwilling to compromise on stimulus. All of this is playing out amid US political uncertainty, which is keeping the bulls from placing aggressive bets on USD\/JPY. An increase in demand for the US dollar offered support and helped cap deeper losses.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Nevertheless, the USD\/JPY trades close to its one-month lows, around 104.35 hit on Wednesday. The final presidential debate between President Trump and Democratic candidate Joe Biden is now in focus in addition to US Initial Weekly Jobless Claims.<\/span><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>USD\/JPY crawled higher on Thursday, lacking any follow through buying. The risk-off market mood undermined the safe-haven JPY capping early gains. A\u00a0 pickup in USD demand was supportive, limiting downside. The USD\/JPY hit the daily low in early trade in the\u00a0 European session. However, the move lacked strong follow-through. USD\/JPY trades mildly higher around104.50 USD\/JPY [&hellip;]<\/p>\n","protected":false},"author":163946597,"featured_media":5462,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[2675,1381],"tags":[2673,1398,3168],"class_list":{"0":"post-106068","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-jpy","8":"category-usd","9":"tag-jpy","10":"tag-usd","11":"tag-usd-jpy"},"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 treads water above 104.50 - 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\/104617-usd-jpy-treads-water-above-104-50\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Fiona Cincotta\" \/>\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\\\/104617-usd-jpy-treads-water-above-104-50\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104617-usd-jpy-treads-water-above-104-50\\\/\"},\"author\":{\"name\":\"Fiona Cincotta\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"headline\":\"USD\\\/JPY treads water above 104.50\",\"datePublished\":\"2020-10-22T13:42:07+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104617-usd-jpy-treads-water-above-104-50\\\/\"},\"wordCount\":250,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104617-usd-jpy-treads-water-above-104-50\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100955-gbp-usd-dollar-weakens-US-GDP-high.jpg\",\"keywords\":[\"JPY\",\"usd\",\"usd\\\/jpy\"],\"articleSection\":[\"JPY\",\"USD\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2020\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104617-usd-jpy-treads-water-above-104-50\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104617-usd-jpy-treads-water-above-104-50\\\/\",\"name\":\"USD\\\/JPY treads water above 104.50 - 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