{"id":106263,"date":"2020-10-30T17:33:59","date_gmt":"2020-10-30T17:33:59","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=106263"},"modified":"2020-11-02T05:58:36","modified_gmt":"2020-11-02T05:58:36","slug":"104690-usd-jpy-rallies-over-104-50","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/104690-usd-jpy-rallies-over-104-50\/","title":{"rendered":"USD\/JPY rallies over 104.50"},"content":{"rendered":"<ul>\n<li style=\"font-weight: 400;\"><b>USD\/JPY saw dip-buying prior to 104.00 .<\/b><\/li>\n<li style=\"font-weight: 400;\"><b>A mild uptick in the stock markets undermined the safe-haven JPY.<\/b><\/li>\n<li style=\"font-weight: 400;\"><b>A sudden pickup in the US bond yields remained supportive of the uptick.<\/b><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">USD\/JPY picked up from 50 pips from the intraday nadir before hitting the daily high around 104.65 early in the US session.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Resilience was still seen at lower levels and dip-buying seen ahead of the 104.00 round-figure mark, even though demand for the <\/span><b>US dollar was softening<\/b><span style=\"font-weight: 400;\">. US political jitters over the US presidential election next week has kept USD buyers on the side lines or encouraged profit taking.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Negativity was offset by a reasonable rebound in the US stock markets, which undermined demand for the safe-haven Japanese yen. Buyers then took additional cues from a sudden jump in US Treasury bond yields. This, plus anxieties over the potential economic impact from renewed COVID-19 restrictions helped cap the USD decline.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Friday&#8217;s <\/span><b>US economic data<\/b><span style=\"font-weight: 400;\"> failed to impress the USD buyers or drive the USD\/JPY as seen through a lack of strong follow-through buying, suggesting a cautious approach before placing any buy trades.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Still <\/span><b>USD\/JPY <\/b><span style=\"font-weight: 400;\">has pared the majority of its weekly losses, with a solid base at 104.00 mark. A meaningful breakthrough 104coould open the door to 103.10-103.00\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>USD\/JPY saw dip-buying prior to 104.00 . A mild uptick in the stock markets undermined the safe-haven JPY. A sudden pickup in the US bond yields remained supportive of the uptick. USD\/JPY picked up from 50 pips from the intraday nadir before hitting the daily high around 104.65 early in the US session. Resilience was [&hellip;]<\/p>\n","protected":false},"author":163946597,"featured_media":5262,"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-106263","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 rallies over 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\/104690-usd-jpy-rallies-over-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\\\/104690-usd-jpy-rallies-over-104-50\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104690-usd-jpy-rallies-over-104-50\\\/\"},\"author\":{\"name\":\"Fiona Cincotta\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"headline\":\"USD\\\/JPY rallies over 104.50\",\"datePublished\":\"2020-10-30T17:33:59+00:00\",\"dateModified\":\"2020-11-02T05:58:36+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104690-usd-jpy-rallies-over-104-50\\\/\"},\"wordCount\":212,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104690-usd-jpy-rallies-over-104-50\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100847-gbp-usd-growth-forecast-trimmed.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\\\/104690-usd-jpy-rallies-over-104-50\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104690-usd-jpy-rallies-over-104-50\\\/\",\"name\":\"USD\\\/JPY rallies over 104.50 - 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