14 February, 2020
The USD/JPY moved slightly lower during the Asian session on Friday at 109.77 as traders await more key US data tonight in the US and mull the latest developments in the coronavirus. WHO comments to press that “we're not dealing with a spike in cases in one day” caused risk sentiment to fully recover following yesterday’s announcements from the Chinese and the bounce in coronavirus cases due to its new methodology of reporting cases. As a safe haven asset the Yen (and the dollar) has found significant safe haven support since the virus was considered serious. In the US, Retail Sales data for January will be released at 13:30 GMT. At 14:15 GMT, US Industrial Production for January will be released, too.