USDJPY Breakdown (20 March 2020)

Title : USDJPY Breakdown (March 20, 2020)

Broker : Tickmill

Description : USDJPY Daily Outlook – How are you doing with the rollercoaster ride of 2020? The Bank of England is the latest central bank to take action to support the economy during the Coronavirus outbreak. The US weekly jobless claims jumped due to the coronavirus layoffs.

The Federal Reserve is likely to significantly boost its government-bond purchases beyond the $500 billion minimum it committed. And the Trump administration is considering intervening in the Saudi-Russian oil-price war with a diplomatic push to get the Saudis to cut oil production.

We have entered a new level of uncertainty and doubt, however, there’s more opportunity than ever in the forex market, as long as you can tolerate the risk. The US dollar continues to remain king.

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