Japanese Yen Higher As Covid-19 Infections Soar In Tokyo
The Japanese yen climbed against its key counterparts in the
Asian session on Thursday, as a surge in new infections in the
Tokyo region prompted investors to seek the safe haven
Tokyo on Wednesday reported 1,149 new cases, the most since
January 22. It was for the first time in about two months that
daily cases surpassed 1,000 mark.
The emergence of a COVID-19 cluster at a Japanese hotel, where
Brazilian Olympic team members are lodging added to worries.
Seven staff at the hotel had been infected with coronavirus and
Brazilian team were isolated from other guests.
The Japanese government had imposed a state of emergency in
Tokyo until after the Olympic Games end on August 8.
Official data showed that China's annual GDP rose less than
expected in the second quarter.
GDP was up 7.9 percent on year in the second quarter - shy of
expectations for a gain of 8.1 percent and down sharply from 18.3
percent in the three months prior.
Data from the Ministry of Economy, Trade and Industry showed
that Japan's tertiary activity declined for the second straight
month in May.
The tertiary activity index fell 2.7 percent month-on-month in
May, following a 0.8 percent decrease in April.
The yen rose to 6-day highs of 81.88 against the aussie, 87.49
against the loonie and 109.75 against the greenback, from its prior
lows of 82.34, 87.92 and 110.03, respectively. If the yen rises
further, it may challenge resistance around 80 against the aussie,
86.00 against the loonie and 108.00 against the greenback.
The yen appreciated to a 1-week high of 129.84 against the euro,
6-day highs of 120.02 against the franc and 151.69 against the
pound, off its previous lows of 130.20, 120.29 and 152.46,
respectively. On the upside, 127.5, 116 and 149 are possibly seen
as its next resistance levels against the euro, the franc and the
The yen reversed from its early low of 77.46 against the kiwi
and was trading at 76.88. Next key resistance for the yen is seen
around the 74 level.
Looking ahead, the U.S. weekly jobless claims for the week ended
July 10, New York Fed's empire manufacturing survey for July,
import and export prices and industrial production for June will be
featured in the New York session.
Federal Reserve Chair Jerome Powell is due to testify on the
semi-annual monetary policy report before the Senate Banking
Committee in Washington DC at 9:30 am ET.
NZD vs Yen (FX:NZDJPY)
から 11 2021 まで 12 2021
NZD vs Yen (FX:NZDJPY)
から 12 2020 まで 12 2021