Yen swoons as coronavirus fears fade

Author: Adam Button | Category: News

Technical yen selling combines with better sentiment

The yen is giving back its pandemic gains in a big way in the past hour.

All the yen crosses have shot higher as EUR/JPY and AUD/JPY erase the pandemic moves. In Europe, stock markets are soaring as economies re-open and the virus stays under wraps.

USD/JPY stalled just above the 200-day moving average so far.

A look at AUD/JPY shows it's run into the February high.
Technical yen selling combines with better sentiment

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