Japan declares state of emergency in Tokyo and adjacent areas to slow the spread of coronavirus

According to the latest headlines from different media, Japanese Prime Minister Yoshihide Suga has declared the state of emergency for Tokyo and its three adjacent areas: Kanagawa, Saitama and Chiba. The restrictions, aimed at curbing COVID-19 infections, will be imposed from Friday until February 7.

The statement hit the Japanese yen, which was already under some selling pressure due to the prevailing climate of risk. This, in turn, pushed the pair USD / JPY to one-week highs, closer to the 103.50 zone.

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