sell after correction
It was an uncertain beginning of the week for the commodity currencies. In the meanwhile, how have the Asian currencies done?
For the Japanese Yen
There has been little influence from the economic calendar, with stats limited to current account figures that failed to move the dial.
The lack of stats left the Yen in the hands of the news wires that dictated market risk sentiment in the week.
We see the Yen set for a surge should there be a marked pickup in new coronavirus infections and increases in the mortality rate.
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