Japanese Yen Hit By Reports Coronavirus State of Emergency Imminent

From dailyfx.com

The Japanese Yen is under some fundamental pressure against the US Dollar on reports that a state of emergency could will be declared as an escalation of Japan’s coronavirus response. The Nikkei Asian Review reported on Monday that Prime Minister Shinzo Abe had decided to make the declaration as Tokyo’s new-infection count continues to climb. The government will reportedly hold a meeting with experts to start preparations. Both the Japanese Yen and the US Dollar have functioned as haven assets in the current phase of market turmoil, with the Swiss Franc also cast as ever in a similar role. Technically speaking ... (full story)