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Stock impact report

Dollar rises against yen as Japan ready to declare state of emergency [Reuters]

Mizuho Financial Group, Inc. Sponosred ADR (Japan) (MFG) 
US:NYSE Investor Relations: mizuho-fg.com/investors/index.html
Company Research Source: Reuters
Yen falls on concerns Japan close to declaring state of emergency; sterling steadies TOKYO (Reuters) - The yen fell on Monday after Japanese media said Prime Minister Shinzo Abe may declare a state of emergency as early as Tuesday to curb an alarming spike in coronavirus infections. The pound trimmed losses against the dollar and euro after Britain assured Prime Minister Boris Johnson continues to lead the government after he spent the night in hospital for tests as he was still suffering symptoms of the coronavirus. The dollar was on the back foot against the euro after data last week showed companies in the United States shed jobs at break-neck speed as the COVID-19 pandemic leads the global economy into a deep recession. “When a head of state or government is stricken like this, it will cause concern for holders of sterling and sterling assets,” said Masafumi Yamamoto, chief currency strategist at Mizuho Securities in Tokyo. “Coronavirus cases in Japan may not peak for another mont Show less Read more
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