Yen Pulls Back On Vaccine Euphoria

Yen Pulls Back On Vaccine Euphoria

09 Nov 2020 06:25 PM
 

Yen is proving to be the biggest loser as the market continues to party from the election and Pfizer vaccine euphoria in the past half-hour. USD/JPY has climbed by over 1% during the time. The pair has broken above 104.00 from around 103.70 earlier and is now trading closer towards 104.50

The Pfizer story reveals that they may push for emergency-use and distribution by the year-end and that is indubitably great news in addressing the health crisis, especially with record-breaking virus cases across the US in the past week. This could prove to be a game-changer in the battle against the virus.