China's top envoy to the UN : China's efforts are achieving positive results, has the ability and confidence to defeat the coronavirus outbreak
|The China Daily has tweeted that "China's top envoy to the UN gave a comprehensive overview of the country's efforts to fight novel coronavirus pneumonia, saying that China's efforts are achieving positive results and that it has the ability and confidence to defeat the outbreak."
That is some good news to add to the corrective phase we are seeing in Asia following, what at first glance, was a very concerning coronavirus update as follows: Breaking: Coronavirus update killing risk assets, AUD/JPY -0.66% in a heartbeat
Markets are skittish on the news but they are recovering off their knee-jerk lows now and making over a 50% retracement. AUD/JPY has travelled between a range of 73.64 and 74.17 and is sat at the 61.8% Fibo of the range again around 73.93.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.