USD/JPY week 39

The Japanese Yen added 0.082 points or 0.08% to 104.561, trading close to 6-month highs against the US Dollar on Tuesday. Investors remained cautious on delays in expanded US stimulus and concerns about fresh social distancing restrictions in Europe. Meantime, US Federal Reserve Chair Jerome Powell is set to address lawmakers’ concerns about the raft of emergency measures the central bank has taken prop up the economy amid the coronavirus pandemic. Japanese exchanges remain closed today for National Foundation Day.

With a cost averaging strategy, in this wild ride this week I could lock in 71,70% of my weekly profit.

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