USD/JPY May Lose The Threshold of 105

USD/JPY May Lose The Threshold of 105

The weakness of the dollar took a toll on USD/JPY pair on Wednesday when it plunged to 105.31. However, it gained some momentum and then finished the day at 105.60. Some robust performance in the stock market and bolster government bonds came in the rescue of the decline.

Yields cast its magic and remained at a top position amidst the news of the Corona aid package agreement in the US Congress.

However, investors are wary about investing their funds in it as the macroeconomic data is signalling at a steep downward spiral of the currency. 

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