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Japan is set to expand a state of emergency

Japan is set to expand a state of emergency | 21 May 2021

21 May 2021, USD/JPY

USDJPY trading plan:

Japan is set to expand a state of emergency to cover the southern island of Okinawa on Friday, just as it approved two more novel coronavirus vaccines to speed up its lagging inoculation campaign. Japan has so far vaccinated just 4.1 million of its population, according to Bloomberg global tracker the slowest rate among the world's larger, rich countries. In contrast to some other Group of Seven countries that are beginning to end pandemic-busting lockdown measures, much of Japan remains under emergency curbs amid a fourth wave of the virus. Japan has so far recorded about 695,000 novel coronavirus infections and 12,000 COVID-19 deaths - much fewer than many countries - but its medical system is increasingly strained by a spike in more infectious variants of the virus.

Investment idea: range 108.50 -109.30.

David Johnson
Analyst of «FreshForex» company
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