USD/JPY plumbs month low as US-China tensions mount

2020-07-24 07:59:45 GMT (Economies.com)
USD/JPY plumbs month low as US-China tensions mount

USD/JPY fell to June 23 lows amid a lack of data from Japan today due to a bank holiday and ahead of US data, while US-China tensions mount. 

 

As of 06:00 GMT, USD/JPY fell 0.41% to 106.42, marking month lows at 106.36. 

 

US manufacturing Index is expected up to 52 from 49.8, while the services is expected up to 51.0 from 47.9. 

 

US new home sales are expected up 0.4% to 700 thousand units, compared to a 16.6% surge in May. 

 

China asked the US to close the Chengdu consulate in retaliation of the shutdown of the China Houston consulate. 

 

Otherwise, US treasury secretary Steven Mnuchin asserted his government's work to stabilize the dollar, with the White House preparing a $2 trillion package to counter Covid 19 impact and bolster jobs. 

 

White House councilor Anthony Fauci said it's unlikely the Coronavirus will ever be completely defeated, however the world can contain its impact by vaccines and herd immunity and maintaining healthy habits. 

 

The World Health Organization reported over 15.01 million Covid 19 infections worldwide so far, with 619,150 dying. 

 
 
 
  Symbol Last Change Chg.%
1.1676
-0.0094
0.7974%
1.2756
-0.0073
0.5710%
Tadawul
8236.17
-26.43
0.32%
23.222
-2.784
10.705%
40.344
0.153
0.381%
41.94
0.00
0.00%
1868.685
-46.840
2.445%
 
 
Live Forex Updates