USD/JPY week 44

The Japanese Yen lost 0.234 points or 0.22% to 104.918 against the US Dollar on Monday. Investors moved into the US Dollar as novel coronavirus infection rates surge to fresh record highs. The United States has seen its highest ever number of fresh infections in the past two days, while in Europe, France registered record increase in infections over the weekend and Spain announced a state of emergency. Meantime, reports the Vice President Mike Pence’s chief of staff and three aides reportedly tested positive for the virus also dented sentiment. On the data front, the index of coincident economic indicators in Japan posted the highest reading since March, while the index of leading economic indicators posted the highest reading since February.

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