The dollar / yen pair already fell 10 figures. Nevertheless, the level of 100 yen per dollar will be serious resistance.
The reason is the rise of a new wave, coronavirus epidemic otherwise recognized as COVID-19. Outside of China, there are already 28 thousand patients recorded. An increase of 4000 per day, which is above 10% per day. One prominent official said, on a US news, that the US has already missed the moment when it is possible to effectively localize the epidemic, and now it is only possible to minimize the consequences.
Oil collapsed below $ 30 per barrel after Moscow refused to support the OPEC proposed production limit. Saudi Arabia, on the other hand, launched a price war, lowered prices and announced an increase in production.
The euro rose sharply on the morning of March 9 to approximately 1.1500 and is now making a correctional pullback.
According to the S&P 500, the US market will open a strong fall to -5%.
You can keep Euro purchases from 1.1500.
You can buy kickbacks from 1.1160.
