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April, 02 - USD/JPY is testing the level 107.50

USD/JPY fails to respect the key risk catalysts while portraying the broad US dollar strength,


USDJPY02042020currently up 0.15% near 107.50, during the initial Tokyo session on Thursday.

Coronavirus continues to push global policymakers towards fierce actions. The latest surge in the US cases beyond 200,000 seems to have been the reason for the Fed to take temporary actions to ease liquidity for large banks. Earlier in the day, US President Donald Trump reiterated his call for the “tough two-weeks”.

On the other hand, Tokyo registered a record hit in daily coronavirus (COVID-19) cases extends school closure through May 06. Recently, Japan’s Economy Minister Nishimura said, “Will consider support for production increase and adopting of ECMO as part of the economic package for coronavirus.

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