Japanese Yen Outlook Bullish on Coronavirus Surge, US Earnings Season
- Japanese Yen could get tailwind from threat aversion over concern of surging Covid-19 instances
- Features could also be magnified if US earnings from giant market-cap firms underwhelms
- JPY may additionally rise if key OPEC+ assembly reveals indicators of inside political fragmentation
The Japanese Yen could rise if a rising variety of coronavirus instances – notably within the US, the biggest economic system on this planet – spurs demand for anti-risk property. Efforts to mitigate the unfold may imply the reimplementation or extension of growth-hampering lockdown measures which have triggered international financial exercise to slowdown.
Chart Exhibiting International Confirmed Coronavirus Instances
Supply: Johns Hopkins CSSE
The US alone constitutes just below 20 % of whole international instances confirmed, with sizzling spots like Texas and Florida reporting alarming metrics. Medical statistics in these areas have unnerved already-unsettled traders who’re already contending with geopolitical dangers…