# USD/JPY is at risk of extending its decline on the last day of the year — Octa

> USD/JPY fell to 102.95 on Wednesday, near this month's low of 102.86, as the dollar stayed under selling pressure. Analysts noted delays in US stimulus talks and rising covid cases in the northern hemisphere.

- Date: 2020-12-31 · published 2020-12-31T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/49883-usd-jpy-is-at-risk-of-extending-its-decline-on-the-last-day-of-the-year-octa
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

This is routine currency price commentary with no new cause for feed markets; the weaker dollar is marginally supportive for dollar-priced commodities but the effect is small.

## Read by commodity

- DXY: bearish ▼
- USDJPY: bearish ▼

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/872163/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.