Is Japan issuing another state of emergency!? “Key points and event schedule on April 6”

There is growing attention that an emergency declaration might be issued in Japan that is almost too late.

In Brazil, the stock market fell as the government's response was slow and infections spread, and the Brazilian real was sold as well.

Outside Brazil too, emerging market currencies such as the Mexican peso and the Turkish lira are broadly being sold.

The coronavirus is spreading even in warm regions and continues to spread worldwide.

◎ Today's Points of Interest

1) Coronavirus

There are rumors that UK Prime Minister Johnson has been hospitalized with the coronavirus and placed on a ventilator, but after 10 days since infection, symptoms still persist, so it is said to be a precautionary hospitalization.

The UK is at an important juncture for matters other than the coronavirus, such as Brexit negotiations with the EU, so we will be watching closely what impact the Prime Minister's hospitalization will have.

In Japan as well, there is speculation that an emergency declaration may be issued.

We will be watching which regions are affected and to what extent, and how stock prices and exchange rates will be affected.

2) Crude Oil Prices

A special OPEC meeting was scheduled to be held today, but some reports indicated it was postponed.

Last weekend, rumors of OPEC emergency meetings and production cuts by Saudi Arabia and Russia caused crude prices to rise, surging from around $20 to $29 per barrel.

With reports of the postponement of the OPEC meeting, crude prices at the start of the week opened with a gap lower than $26.

Prices swing rapidly on rumors and related information.

The Canadian dollar and Norwegian krone, which have high correlations with headlines and crude prices, warrant close attention.

◎ Today's Event Schedule

Monday, April 6

17:30　GBP　UK Construction PMI

Recommended Analysis Tool by Okachan-man

TradingView

It is a platform that handles many currency pairs, commodities, bonds, stock indices, and more, allowing various analyses.

Markets such as forex, stocks, bonds, and commodities are interrelated, and comparing them across markets can be beneficial for trading.

Being able to overlay forex with stock indices or forex with commodities on a single chart is very convenient for comparisons.

Many features are free to use, so why not give it a try!

It also has social features, so I’d appreciate it if you could follow us↓↓↓

https://jp.tradingview.com/u/okachanman/