USDJPY Breakdown (10 March 2020)

Title : USDJPY Breakdown (March 10, 2020)

Broker : Tickmill

Description : USDJPY Daily Outlook – On Monday, the coronavirus partnered up with an oil price tank to shake the whole world. Meanwhile, we found out that Canadian Housing Starts Declined in February 2020, the German trade balance fell, and Japan’s economy shrunk faster than first estimated on the growing virus, so we’re facing a recession risk according to some analysts. On Tuesday we don’t have many noteworthy economic risk events on the calendar, but the Coronavirus is expected to continue to lead the markets.

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