Japan will ban the entry of non-Japanese people from the United Kingdom from Thursday following the emergence of a highly infectious new coronavirus strain, top government spokesman said on Wednesday. Countries across the globe shut their borders to Britain on Monday due to fears about the new strain. "The government will take border control steps [...]
Gold held firm near a one-week high on Thursday as progress on a U.S. fiscal stimulus deal weighed on the dollar, while a pledge by the Federal Reserve to keep rates low until an economic recovery is secure lent further support.U.S. congressional negotiators haggled on Wednesday over details of a $900 billion COVID-19 aid bill [...]
Morgan Stanley analysts foresee 2021 as one more big year for liquidity injection and asset price inflation. "On our projections, G10 central banks will inject another US$2.8 trillion of liquidity next year – just in their government bond purchases. That's more than twice the amount of liquidity central banks injected in any year prior to [...]
USD/JPY is feeling the pull of gravity alongside corona virus-led ron in the equity and bond markets. The risk appetite has weakened as the second wave of the corona virus is accelerating in the US. Investors fear the authorities may respond by imposing the economically-painful lockdown restrictions. However investors could be pricing out the optimism [...]
