Buy USD/JPY: Bulls targeting Friday’s high of 108.50 amid USD surge, risk-on

Relentless USD buying amid funding stress boosts USD/JPY further.
Risk-on amid global stimulus measures adds to the JPY’s losses.
Focus on US stimulus packages, coronavirus updates and Fed operation.
The buying interest around the US dollar remains unabated so far this Tuesday American session, keeping USD/JPY near-daily highs of 107.54.

 

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