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US House Speaker Pelosi: Lawmakers, WH have neared agreement on coronavirus legislative package – Reuters

US House Speaker Pelosi: Lawmakers, the White House have neared agreement on coronavirus legislative package.

Key notes

  • Hopes to make announcement on Friday.

Fox News is told "the House will likely handle the coronavirus bill tomorrow as a “suspension.” That means they can bring the measure directly to the floor without having the Rules Committee meet about it. Would need 2/3 vote. That means there is significant GOP buy-in on this bill."

USD/JPY bulls finding camp on the 105 handle as BoJ intervene

USD/JPY is trading back above the 105 handle between 104.50 and 105.20, +0.42%, spiking in the Tokyo opening hour as the market suspects intervention
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Bank of Korea: Discussing need to hold emergency policy rate review meeting

Bank of Korea is discussing need to hold emergency policy rate review meeting. Key notes Will seek policy measures to stabilize markets. Closely monit
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