USD/JPY rebounds from three-week trough

USD/JPY rose in Asian trade off March 18 lows amid a lack of data from Japan and the US today and as markets continue to monitor the developments in the coronavirus pandemic. 

As of 06:23 GMT, USD/JPY rose 0.48% to 109.01, marking March 27 highs at 109.13. 

Japan's Prime Minister Shinzo Abe said his government is considering whether to announce a state of emergency to deal with the pandemic hours after the government ordered self isolation on all travelers from abroad for 14 days, including Japanese people. 

Abe also banned visitors from 49 countries, while asserting the current priority is stemming the spread of the virus. 

Bank of Japan Governor Haruhiko Kuroda said central banks can't just print money forever, while maintaining Japan doesn't fave a crisis in price stability for the time, and the BoE still aims for a 2% inflation rate. 

Otherwise, the death toll in New York state tapered off for the first time, while global cases reached 1.27 million cases, with 69,500 deaths so far.