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The Japanese yen easily takes the top spot this week against the majors as traders flocked to safe havens as Coronavirus fears intensify.

Overlay of Inverted JPY Pairs: 1-Hour Forex Chart
Overlay of Inverted JPY Pairs: 1-Hour Forex Chart
JPY Weekly Performance from MarketMilk
JPY Weekly Performance from MarketMilk

Japanese Headlines and Economic data

Monday:

  • Coronavirus cases outside China surge, prompting traders to start traders the new week in fear mode and really staying that way through Friday.  The Japanese yen usually benefits the most during risk aversion environments, and that was once again the case this week as the fear never really faded thanks to new reports of new cases every day this week.

Tuesday:

Wednesday:

Thursday:

Friday: