Japan to decide Thursday whether to lift virus emergency – NHK

Dhwani Mehta FXStreet

The government is expected to decide on Thursday whether to lift the coronavirus pandemic-induced state of emergency, as the emergency in Tokyo and surrounding regions is set to end on March 21, the Japanese broadcaster NHK reported on Tuesday.

This comes after Tokyo reported 175 new COVID-19 cases Monday, falling below 200 for the first time in a week and a day after reporting 239 infections. On Sunday, the daily number of newly confirmed cases nationwide came to 989, standing below 1,000 for the first time in six days.

Separately, Japanese Finance Minister Taro Aso said that the Cabinet has approved cash handouts.

Market reaction

USD/JPY is holding onto minor gains above 109.00, despite a pullback in the US dollar across the board amid a drop in the Treasury yields.

USD/JPY Price Analysis: Bears seek out a significant retracement

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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