USDJPY is making a correction in an Uptrend?

USDJPY Analysis

USDJPY is falling now continuously after hitting the higher low zone of the Uptrend line.

Now, USDJPY is making a deep correction.

In the US, 10% of People get the First dose of vaccine.

Due to this 10 Year yield treasury rose to higher as 25bps.

This will support the US Dollar to turns higher, and the economy will recover to stable. 

Bond yields higher in US and lags in Euro and Japanese yen.

Japan Finance Minister also announced Yen 1.1372 Trillion to Vaccinations and to support the recovery of economic from the pandemic.

Dollar gets dipped after news flashed and Japanese Yen made higher against the basket of other currencies.

This stimulus package helps for Unemployment and business to recover from Pandemic state.

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