usdjpy2309 1The prevalent USD buying interest pushed the USD/JPY pair to one-week tops, around the 105.20 region during the Asian session on Wednesday.

A combination of factors assisted the pair to gain traction for the third consecutive session and build on this week's goodish recovery move from the 104.00 mark, or over six-month lows touched on Monday.

Concerns about the second wave of coronavirus infections and fears of renewed lockdown measures to contain the outbreak continued benefitted the US dollar's status as the global reserve currency.