Yen Climbs On Coronavirus Fears
The Japanese yen spiked up against its key counterparts in the
European session on Monday, as rising coronavirus cases in Europe
and a lack of progress on U.S. stimulus package sparked risk
aversion. Europe's weekly Covid-19 infections are now higher than
the continent's first coronavirus peak in March, the World Health
Organization (WHO) has warned.
U.K. Health Secretary Matt Hancock on Sunday warned that
Covid-19 restrictions in England will get tougher if people don't
follow government rules designed to stop the spread of the
France registered nearly 13,500 new infections in the last 24
hours and there are fears Madrid could be overwhelmed. In the U.S.,
at least 18 members of the House of Representatives and Senate have
tested positive or are presumed to have had Covid-19.
On the stimulus front, U.S. lawmakers remain deadlocked over a
new rescue package for the beleaguered economy.
Traders await testimony from Fed Chair Jerome Powell and U.S.
Treasury Secretary Steven Mnuchin later in the week, with both
likely to stress the importance of additional fiscal stimulus.
The yen appreciated to a 6-1/2-month high of 104.00 against the
greenback and a 2-1/2-month high of 133.54 against the pound, after
dropping to 104.57 and 135.33, respectively in previous deals. Next
key resistance for the yen is possibly seen around 100.00 against
the greenback and 129.00 against the pound.
Reversing from its prior highs of 123.94 against the euro and
114.83 against the franc, the yen moved up to 2-month highs of
122.73 and 113.90, respectively. The yen is seen facing resistance
around 119.5 against the euro and 110.00 against the franc.
The yen drifted higher to a 4-week high of 75.67 against the
aussie, near a 2-week high of 70.01 against the kiwi and a
1-1/2-month high of 78.62 against the loonie, up from lows of
76.39, 70.79 and 79.28, respectively hit in previous deals. On the
upside, 74.00, 67.00 and 76.5 are possibly found as its next
resistance levels against the aussie, the kiwi and the loonie,
Looking ahead, Canada new housing price index for August will be
featured in the New York session.
At 10:00 am ET, Federal Reserve Chair Jerome Powell will speak
about rule-making for the Community Reinvestment Act, via
NZD vs Yen (FX:NZDJPY)
から 12 2020 まで 1 2021
NZD vs Yen (FX:NZDJPY)
から 1 2020 まで 1 2021