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20.05.2020 Usd/Jpy Daily Analysis

Usd/Jpy today is trading at 107.67, it is trading lower with 0.01 mainly because a Tankan survey showed that Japanese business confidence hit decade

Yazar: editor_1

Yayınlanma: 21 Mayıs 2020 15:48

Güncellenme: 15 Aralık 2025 09:39

20.05.2020 Usd/Jpy Daily Analysis

Usd/Jpy today is trading at 107.67, it is trading lower with 0.01 mainly because a Tankan survey showed that Japanese business confidence hit decade lows in May and that made the yen weaker against the Us. More so, us dollar pushed higher amid doubts over a potential vaccine for the Covid-19 virus, late Tuesday a report from medical news website STAT cast doubt over encouraging early results from Moderna Covid-19 vaccine trial, stating the US drug maker had provided insufficient data to determine the vaccine’s efficacy. Investors, therefore, turned to the safe-haven dollar after the report deflated hopes of a potential cure for the virus.
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