CAPEX remains solid but need to see how coronavirus may impact CAPEX in June Tankan
Fundamental Forex Analysis

BOJ downgrades economic assessment for all nine regions amid coronavirus crisis

In its latest quarterly report, the Bank of Japan (BOJ) downgrades the economic assessment for all of its nine regions, in the face of the impact of COVID-19.

USD/JPY reaction

The assessment downgrade fails to affect the yen, as USD/JPY keeps its range play intact below 109.00, awaiting fresh trading impetus from the critical US Jobless Claims and Fed Chair Powell’s speech. The spot was last seen trading at 108.93, up 0.12% on a daily basis.

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