Japan’s Nishimura: State of emergency to remain in effect until May 6
|In a press briefing on Tuesday, Japanese Economy Minister Yasutoshi Nishimura said that the state of emergency to remain in effect until May 6.
On Monday, Prime Minister Shinzo Abe declared a state of emergency in Osaka and Tokyo, the cities where the number of coronavirus cases has imploded.
Abe also said that the government will announce 39 trillion yen of aid to combat COVID-19.
USD/JPY reaction
The market mood seems to be souring, as the US stock futures have turned negative amid persisting virus concerns. Therefore, USD/JPY eased back below 109.00 while the renewed US dollar weakness across the board also adds to the downside in the spot.
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