Japanese Economy Minister Nishimura was out on the wires in the last minutes, via Reuters, expressing his afterthoughts on the government’s monthly economic assessment report.
My biggest concern now is impact from coronavirus outbreak.
Closely watching effects of virus outbreak on corporate activity.
Sales from Japanese shoppers as well as Chinese tourists are declining at department stores from February, and that warrants attention.
The yen extends its downward spiral, as the JPY bears remain relentless, sending the USD/JPY pair briefly above the 112 level. The spot reached the highest level in ten months at 112.03.
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.