Search ForexCrunch

Early Friday, Tokyo Governor Yuriko Koike crossed wires while requesting businesses to remain close during the state of emergency.

Key quotes

Will ask to close leisure, sporting, shopping facilities.

Seeks to halt sporting events, exhibits due to the virus outbreak.

Will offer ¥500,000 to companies closing operations.

Will offers ¥1,000,000 to firms closing multiple operations.

FX implications

While the news should have negatively affected the market’s risk-tone, Good Friday holidays in major economies make it a non-event. Even so, Tokyo’s TOPIX stops further upside beyond 1,427, up 0.71%, after the update.