Japanese Yen May Fall on GSA Joe Biden Transition, GBP/USD Eyes Resistance

The anti-risk Japanese Yen underperformed over the past 24 hours and may extend losses on Tuesday. Meanwhile, the British Pound was one of the best-performing G10 currencies amid rising hopes of a Brexit deal. On Wall Street, the Dow Jones outperformed the Nasdaq Composite, with energy shares seeing some of the most aggressive gains amid a rotation trade out of tech stocks. This follows positive news from the Oxford-AstraZeneca vaccine where an early trial showed that it prevented about 70% of participants from catching the disease. Sentiment further improved after president-elect Joe Biden announced his pick for the … (full story)

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