Japan PM Suga: Infection rates still high after emergency declaration

Dhwani Mehta FXStreet

Japanese Prime Minister Yoshihide Suga expressed his concerns over the higher infection rates while making some comments on coronavirus vaccine procurement.

Key quotes

“Infection rates still high after emergency declaration.”

“Expecting to secure 310 million doses of vaccines.”

On Wednesday, Health minister Norihisa Tamura said that they have concluded a contract with the US drug maker to procure 144 million doses of vaccines in 2021.

Market reaction

USD/JPY is seeing some fresh selling on the BOJ’s upward boost to the next fiscal year’s economic assessment. Meanwhile, broad-based US dollar weakness on risk-on mood also weighs on the spot.

The major was last seen trading at 103.38, down 0.13% on the day.

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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