30 November 2020 Exchange Rate Analysis USDJPY
30 November 2020 Exchange Rate Analysis USDJPY In the closing session of the week we left behind, we followed that Tokyo core CPI data fell 0.7% in November in line with the expectations. On the US side, due to the Thanksgiving holiday, the markets remained open for half a day, resulting in limited transaction volumes.
The pressure exerted on the parity by the weak image around the dollar was followed. Ongoing Covid-19 vaccine developments and positive progress have been an important factor in supporting the limited realization of losses in the parity.
From a technical point of view, it was observed that the USD / JPY parity continued to be determinant at 103.90.
Support Points: 103.50 – 103.40 – 103.20
Resistance Points : 104.10 – 104.30 – 104.50
