USD/JPY week 45

The Japanese Yen lost 0.112 points or 0.11% to 104.757 against the US Dollar on Monday. Investors moved into the US Dollar ahead of the US presidential election on Wednesday, with some market participants expecting a contested result. Meantime, novel coronavirus infection rates continue to accelerate across the northern hemisphere as Europe’s new COVID-19 cases have doubled in five weeks, propelling the region on Sunday across the bleak milestone of ten million total infections, while Dr. Anthony Fauci said in a Washington Post interview that the US “could not possibly be positioned more poorly” to stem rising cases as more people gather indoors during the colder fall and winter months. On the data front, Japan manufacturing shrank the least in October and revised higher to 48.7 from a flash reading of 48.0 and a final 47.7 in September.

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