Japan eyes lifting coronavirus emergency in some areas early – Asahi

Dhwani Mehta FXStreet

In some upbeat news around the coronavirus, Japanese media outlet Asahi Shimbun reported early Monday that the country’s government is expected to lift the state of emergency in some areas earlier than previously announced.

Further details are not yet reported.

However, Tokyo confirmed 429 new infections on Feb. 7, putting the weekly average of new daily cases at 572, down 67% from the previous week.

Market reaction

Markets are cautious in early trades, digesting the latest US stimulus updates and mixed employment data while vaccine developments continue to remain a cause for concern.

USD/JPY trades modestly flat around 105.40, as the US dollar attempts a recovery from Friday’s steep losses.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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