Citing sources with the knowledge of the matter, Reuters reports that Japan plans to spend JPY 430.8 bln in the second package of steps on coronavirus outbreak. Elsewhere, Italy’s Industry Minister said that the government will adopt measures to combat coronavirus worth around EUR 10 bln. Market reaction The Japanese stimulus news put a fresh bid under the yen, dragging USD/JPY to a fresh session low of 104.15. The spot extends its retreat into European trading, having faced rejection above the 105 level earlier today. Meanwhile, EUR/USD keeps its range around 1.1350 after hitting a low of 1.1322. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next German IFO Head: Coronavirus will spark recession in Germany FX Street 2 years Citing sources with the knowledge of the matter, Reuters reports that Japan plans to spend JPY 430.8 bln in the second package of steps on coronavirus outbreak. Elsewhere, Italy’s Industry Minister said that the government will adopt measures to combat coronavirus worth around EUR 10 bln. Market reaction The Japanese stimulus news put a fresh bid under the yen, dragging USD/JPY to a fresh session low of 104.15. The spot extends its retreat into European trading, having faced rejection above the 105 level earlier today. Meanwhile, EUR/USD keeps its range around 1.1350 after hitting a low of 1.1322. Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
