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Feb 09 - 05:00 PM

USD/JPY - Fails To Stabilize Above 110.00 As Risk Mood Sours

By Krishna K  —  Feb 09 - 03:40 PM
  • USD/JPY starts week cautiously as China virus death toll continues to rise

  • Coronavirus deaths top SARS as China returns to work nL4N2A9045

  • Strong U.S. jobs report taken in stride; U.S. yields drop, safe havens rise

  • USD downside limited; Fed likely to remain on hold, BOJ stands ready to ease

  • Stock market moves to dictate direction in Asia; Japan markets closed Tues

  • Resistance 110.00-10, 110.30, supports 109.50-55, 109.30


Potential impact of coronavirus on 2020 global GDP png: Click here

Source:
Refinitiv IFR Research/Market Commentary

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