The USD/JPY pair remained under downward pressure pushing it towards the 108.66 support before settling around the 108.80 at the time of writing.
Blogs
Italy coronavirus cases rise by most in three days
The latest numbers from Italy The number of deaths was lower but cases higher. Italy went into a national lockdown on March 8, so this is a full month now and they're still getting 3836 cases per day. It's tough to see how the economy can re-open any time soon.
UK reports deadliest day yet: 938 coronavirus deaths
The latest UK numbers: When the mortality rate is 11.7%, it's safe to assume there are many cases going undetected. The pound has come off the highs of the day on these headlines. The UK is getting hit very hard right now.
Bernie Sanders to suspend Presidential campaign
Campaign releases a statement Bernie is out of the race for the Democratic nomination. He will address supporters at 11:45 am ET (in about 20 minutes). At this point he didn't have a path to victory but this will sharpen the focus on Biden vs Trump.
UK PM spokesman: No change to government position, Brexit transition period will end on 31 December
The UK continues to insist that the transition period will not be extended See here for global coronavirus case data
European shares end lower but close near highs for the day
Major spend the day below the 0% unchanged level. Provisional closes are showing: in the European debt market, the benchmark 10 year yields are ending the day mixed with Germany, France and UK yields lower while Spain, Italy, and Portugal yields were higher.
AUD/USD climbs above the late-March high
Flirting with the 61.8% retracement Australian passed another massive stimulus package today and AUD/USD is benefiting from that, broad USD weakness and positive risk sentiment.
Nasdaq index above the 38.2% of the move down, but…..
…there is more to prove After a sharp fall, it is important on a correction to get above the 38.2% retracement. That is the minimum move if the buyers are to take more control away from the sellers.
The USDCAD moves up toward swing area and other upside resistance targets
Swing level at 1.4076-80 is the next target The USDCAD is moving up toward a swing area another topside resistance targets, after failing on a move below a lower swing area at 1.4008-18 once again.
Fed's Evans warns that even in best-case scenario economy will be less-prosperous
Evans warns about depleted savings "Even under a best-case scenario, the U.S. and global economy will be less prosperous coming out of this crisis than we were going into it," the Chicago Fed President Charles Evans said. "We are all using valuable resources and savings that we had intended to use for other aspirations.&a