Usd/Jpy today is trading at 107.00; it is treading lower with 0.09% mainly because Governor H. Kuroda announced that the Bank of Japan (BOJ) is ready to take all necessary steps to combat the coronavirus pandemic fallout without hesitation. He went on to say Given the uncertainty over outlook on the coronavirus pandemic, the government and BO need to take all means available flexibly, hence Corporate funding in Japan remains under strong stress. BOJ is watching carefully developments in Hong Kong, Asian financial markets. The Japanese currency is recovering some ground on Kuroda’s pledge to support the economic recovery, with USD/JPY trimming gains to trade around 107.00.