{"id":106232,"date":"2020-10-29T17:39:11","date_gmt":"2020-10-29T17:39:11","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=106232"},"modified":"2020-10-29T17:39:11","modified_gmt":"2020-10-29T17:39:11","slug":"usd-jpy-looks-weak-as-bears-target-104-00-mark","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/usd-jpy-looks-weak-as-bears-target-104-00-mark\/","title":{"rendered":"USD\/JPY looks weak as bears target 104.00 mark"},"content":{"rendered":"<ul>\n<li><strong>USD\/JPY extends losses\u00a0 for a third straight session on Thursday.<\/strong><\/li>\n<li><strong>Covid fears boosted the\u00a0 safe-haven JPY adding pressure.<\/strong><\/li>\n<li><strong>A mild tick higher in the USD could limit deeper losses before US Q3 GDP .<\/strong><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">\u00a0USD\/JPY\u00a0 extended its steady intraday retracement slide from mid-104.00s and has now dropped back closer to five-week tops set in the previous session.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The pair struggled to\u00a0 capitalize on its move higher, meeting resistance at higher levels, before edging lower back into negative territory for the third straight session on Thursday. Investors shrugged off\u00a0 the latest BoJ policy update and the Japanese yen pushed higher as investors fretted over rising covid cases..<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u00a0JPY weakened slightly during the Asian session after the BoJ lowered its growth and inflation projections\u00a0 for fiscal 2020\/21In the pursuant press conference the BoJ governor, Haruhiko Kuroda said that the central bank stands ready to ease monetary policy if needed.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Investors are anxious that renewed lockdown restrictions to stem the spread\u00a0 of coronavirus\u00a0 could undermine the fragile global economic recovery.\u00a0 European equity markets pared some opening gains, offering further support to the safe haven JPY adding pressure to USD\/JPY.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">A mild uptick in the US dollar could limit deeper losses, at least for now. Uncertainty in the US political climate might keep buyers on the side lines capping any attempted recovery for\u00a0 USD\/JPY. A pullback towards September monthly swing low at 104.00 mark, looks likely.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Investors\u00a0 look towards the release of US Q3 GDP data. A print outside of the expected figures could drive the USD .<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>USD\/JPY extends losses\u00a0 for a third straight session on Thursday. Covid fears boosted the\u00a0 safe-haven JPY adding pressure. A mild tick higher in the USD could limit deeper losses before US Q3 GDP . \u00a0USD\/JPY\u00a0 extended its steady intraday retracement slide from mid-104.00s and has now dropped back closer to five-week tops set in the [&hellip;]<\/p>\n","protected":false},"author":163946597,"featured_media":4998,"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-106232","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 looks weak as bears target 104.00 mark - 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\/usd-jpy-looks-weak-as-bears-target-104-00-mark\/\" \/>\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\\\/usd-jpy-looks-weak-as-bears-target-104-00-mark\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/usd-jpy-looks-weak-as-bears-target-104-00-mark\\\/\"},\"author\":{\"name\":\"Fiona Cincotta\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"headline\":\"USD\\\/JPY looks weak as bears target 104.00 mark\",\"datePublished\":\"2020-10-29T17:39:11+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/usd-jpy-looks-weak-as-bears-target-104-00-mark\\\/\"},\"wordCount\":265,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/usd-jpy-looks-weak-as-bears-target-104-00-mark\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100708-gbp-usd-budget-promises.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\\\/usd-jpy-looks-weak-as-bears-target-104-00-mark\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/usd-jpy-looks-weak-as-bears-target-104-00-mark\\\/\",\"name\":\"USD\\\/JPY looks weak as bears target 104.00 mark - 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