Note: This section contains information in English only.
Fri, 02 Oct 2020 10:11:35 GMT
Source: Dukascopy Bank SA
During the early Friday's trading hours, the US President Donald Trump announced that he and the First Lady of the US Melania Trump had tested positive for the coronavirus.
The event caused a 70 pip drop on the USD/JPY charts. In addition, the announcement caused the end of the previously ongoing surge in the borders of a channel up pattern.
In the meantime, note that the USD/JPY was the only major currency exchange rate to drop. Namely, it is not a large decline of US Dollar'' value. Instead, the demand for the Japanese Yen suddenly increased. It indicates that there was a run to safety from all USD traded assets to the Japanese Yen.
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