A statement from the Australian Council of Financial Regulators Emphasising the response being coordinatred in Australia between the RBA, CFR, government, banking sector and more.

Coronavirus steps escalate in New Zealand    More: NZ has expanded wage subsidies and is considering a guarantee for business financing.  ForexLive

– 257 more fully recovered coronavirus patients released, total cured people at 3,166 Numbers from Korea Centers for Disease Control and Prevention, via Yonhap

Further comments by Visco – Believes adopted measures are sufficient – But ECB is ready to do more if necessary – ECB ready to increase size of bond purchase programme ForexLive

Only expiries of significance to note for Monday are in yen: USD/JPY –  110.00 496m –  111.00 360m –  111.10 547m –  111.50 656m –  111.52 750m

A familiar start to the day for USD/JPY ForexLive The yen is keeping higher against the rest of the major currencies bloc amid risk-off pressures in the market but also as the dollar retraces some of its gains from last week to kick start the day, notably against the yen, franc, euro and pound.

Health authorities in NZ concede there may be community transmission (its happening everywhere else, so this seems much more likely than not)  Cases up 36 to 102

Says the Federal Reserve is not out of ammunition  Earlier: Fed's Kashkari says the US will have (an at least mild) recession More: – To avoid more mass layoffs and address growing unemployment, small businesses should have access to government loans that would be forgiven if the businesses retained their workers, 

Emini US equity futures opened and plunged to limit down within minutes, but have now come back from those losses – Still down more than 3% – But not 5% and locked down. US President Trump's press conference is over.

For imports +5.9% y/y – Exports to China +4.9% y/y – average exports per working day -0.4% y/y I doubt anyone will take any encouragement from these data given the focus is on coronavirus. Positive news for SK exporters at least.