Japanese Yen, Dow Jones, S&P 500, U.S. Fiscal Stimulus, Coronavirus – Asia Pacific Market OpenJapanese Yen falls, Dow Jones f
Japanese Yen, Dow Jones, S&P 500, U.S. Fiscal Stimulus, Coronavirus – Asia Pacific Market Open
- Japanese Yen falls, Dow Jones futures rise as Trump broadcasts fiscal measures
- Market follow-through is unsure for time being, NZD/USD faces Orr speech
- Majors-based JPY index struggled confirming a key resistance break for now
BREAKING: U.S. President Donald Trump Pronounces Potential Fiscal Stimulus
The anti-risk Japanese Yen might even see near-term losses after the worst day on Wall Avenue since 2008. Equities are quick approaching bear market territory amid coronavirus epidemic woes. Because of this, U.S. President Donald Trump introduced potential fiscal stimulus measures. The JPY cautiously fell, sending USD/JPY larger, with an uptick in S&P 500 futures. This despatched the latter to reverse losses of about -1.5% previous to the announcement.
Recommended by Daniel Dubrovsky
Top Trading Lessons
In keeping with Trump, officers will likely be trying to focus on a potential payroll tax reduce with Congress together with reduction for hourly wage earners. The President is scheduled to carry a information convention on Tuesday the place…