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The Nikkei Asian Review reports, citing sources familiar with the matter, the Japanese government may extend tax cuts for small firms with an eye on fixed property tax as part of the stimulus to cope with the coronavirus outbreak.

  • BOJ buys a record high 120 billion yen in ETFs

USD/JPY fades a spike to 107.00

The spot failed another attempt to extend the upside above 107.00, as the S&P 500 futures shaved-off the recovery gains and dragged the rates back around 106.50.