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George Ma
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Forex
April 7 10:36

U.S. dollar rose against yen as Japan prepared to declare an emergency state

Yen has declined over risk appetite, while Australian and New Zealand currencies have risen in price.
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U.S. dollar was stable against most currencies on Monday but rose against the Japanese yen, while investors estimated that the number of deaths from coronavirus in Europe declined and growth in Asia, particularly in Japan.

Japan is likely to introduce an emergency state due to the epidemic in Tokyo and six other prefectures on Tuesday, said Prime Minister Shinzo Abe.
Prime Minister announced on Monday an unprecedented economic stimulus package of 20% of the country's GDP to deal with the deepening effects of the coronavirus.
Yen has declined over risk appetite, while Australian and New Zealand currencies have risen in price.
"The yen is declining as Japan's coronavirus situation worsens and stocks are rising," said Keith Jacks, macro strategy for Societe Generale (PA:SOGN).
U.S. dollar by 14:47 MSK rose by 0.5% to 109.00 yen, previously reaching a 10-day high of 109.38, while the Australian dollar added 1.3% to 0.6071.
Euro was not moving much against the dollar and stayed at US$1.0805. The dollar index against the six major currencies rose by 0.13% to 100.70.
GBP rose by 0.4% to US$1.23 and rose by 0.3% to EUR, having fallen the day before amid Prime Minister Boris Johnson hospitalization.