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“Investor risk aversion grew in January due to the coronavirus outbreak, the market faced big fluctuations since then,” Bank of Japan (BoJ) Governor Kuroda said on Thursday, Reuters reported citing a Japan Cabinet Office official.”

“Volatility remains high in global markets, we are paying maximum attention to the economic impact of coronavirus outbreak,” Kuroda added.

USD/JPY rally continues

The USD/JPY continues to push higher during the European session and was last seen trading at its highest level since late April of 2019 at 112.07, adding 0.65% on a daily basis.