At the moment USD/JPY positive developments in the coronavirus saga boosted risk sentiment. USD/JPY shows the value of the US Dollar against the Japanese Yen. It tells traders how many Yen are needed to buy a US Dollar.
USD/JPY is trading above 109.65, near a fresh 2-week high of 109.742. Traders expecting to hit 110.000 at the end of Thursday.
Coronavirus is affecting the global economy
Reported cases: 24,642
Critical condition cases: 3,223 (13% of all reported cases)
Deaths: 493 (491 of which are in China, 1 in Hong Kong and 1 death in the Philippines)
Recovered from illness: 1,039
Countries with reported cases: 25
Keep an on that level if this equity market surge continues.