Daily Alert – Thursday 20th February 2020: Japan sees coronavirus outbreak coming

Mark Nugent Daily Alert, Feb 2020

Daily Alert – Thursday 20th February 2020: Japan sees coronavirus outbreak coming

The JPY is dropping and the Japan225’s rise was halted by real concerns of a cornoavirus outbreak on the Japanese mainland. This effectively brought my Japan225 long to a shuddering halt but it yielded 1.79% so no real complaints here.

The ECB was bullish, saying there is positive but modest growth. The EUR rises.

Elsewhere, the RBA’s focus is unemployment and early this morning we saw a higher-than-expected increase in unemployment to 5.2%. We will wait to see if this changes the RBA’s narrative on interest rates.

The JPY is still very weak as I write.

Have a great weekend when it comes and I’ll be back on Monday with your Trading Plan for week 9.

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