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JPY gaining sharply on the back of the...>

DOLLAR-YEN
DOLLAR-YEN: JPY gaining sharply on the back of the reports of a further
Coronavirus diagnosis in the US, pressuring USD/JPY back towards yesterday's
lows of Y109.27. The CDC have now confirmed a second case of the Wuhan virus in
Chicago, helping pressure US treasury yields to the lowest levels since December
4th.
- A break through Y109.27 to the downside opens the 50-dma support at Y109.19.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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