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Risk appetite was only slightly..........>

DOLLAR-YEN
MNI (London)
DOLLAR-YEN: Risk appetite was only slightly bruised by overnight reports of
COVID-19 spread in S.Korea, the dip in USD/JPY to Y111.11, off Wednesday's high
of Y111.59, quickly corrected with the resulting rally overtaking Wednesday's
highs to Y111.83. Rate retains a buoyant feel at writing. Resistance seen at
Y111.85, extending through to Y112.00 (Y111.88 1.618% swing Y111.59-11). 
- JPY continues to be the barometer for risk. Focus on COVID-19 developments.  
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com

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