Asahi: Tokyo to raise the COVID-19 alert to the highest level – Bloomberg

During the early Wednesday morning in Asia, Bloomberg came out with the news, citing Japanese press Asahi, with signs that Tokyo will escalate the coronavirus (COVID-19) alert to the highest levels.

Market implications

The news seems to have capped the market’s latest risk-on mood. As a result, USD/JPY drops to 107.25 ahead of the key Bank of Japan (BOJ) monetary policy meeting, up for publishing at 03:00 GMT.

Read: BOJ Preview: No changes in policy, but forecast downgrades expected