Authorities of Japan’s Aichi prefecture are likely to announce its own state of emergency, in the face intensifying coronavirus spread, per Kyodo News.
This comes after Aichi confirmed over 2,300 coronavirus cases during the pandemic, with total active cases seen over 1,700.
Market reaction
The yen came under fresh selling pressure on the above report, as USD/JPY extends the bounce from 105.50 levels to now trade at 105.70, modestly flat on the day.
Related content
- Japan is considering extending its coronavirus relief employment subsidy – Reuters
- USD/JPY Price Analysis: Bounces off key 105.50 support after symmetrical triangle breakdown
Reprinted from FXStreet，the copyright all reserved by the original author.
Disclaimer: The views expressed are solely those of the author and do not represent the official position of Followme. Followme does not take responsibility for the accuracy, completeness, or reliability of the information provided and is not liable for any actions taken based on the content, unless explicitly stated in writing.
Leave Your Message Now