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US Pres. Trump considering putting together measures to address coronavirus economic impact - Reuters

Citing some anonymous source, Reuters reports that US President Trump is considering putting together measures to address coronavirus economic impact.

Nothing further is reported on the same.

Market reaction

Markets are in a blood bath, as the Asian stocks crash in sync with oil prices and US Treasury yields. USD/JPY saw a flash crash to 101.59 and now attempts a tepid bounce above 102.00.

Rest of the majors also witnessed wild moves and travelled around 300-pips on both sides in a jiffy earlier today.

USD/JPY Price Analysis: Sellers cheer the break of multi-month-old trendline, bearish MACD

Despite bouncing off more than three-year low of 101.56, currently around 102.50, USD/JPY remains on the back foot during the early Monday.
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Japan’s Aso: No comments on possibility of currency intervention

Japanese Finance Minister Taro Aso is on the wires now, via Reuters, declining to comment on the possibility of currency intervention, in light of the
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