The JPY On A Rally

The safe haven Japanese yen added some ground versus the USD.This comes as the issues continue with the new pneumonia-like virus in China. In fact, the Chinese yuan slipped around 0.4% against the USD.

As a matter of fact, the Dollar-Yen is one of the most traded forex pairs, coming second only to EUR/USD pair.

Currently, the JPY versus the USD trades at $0.00912, which is an incline of $0.000027 or 0.30% from the previous close of $0.009100. The daily range is from $0.00910 to 0.00913.

This morning, China issued a travel suspension in Wuhan, a city of 11 million at the center of the outbreak of the coronavirus.

The Chinese officials are trying to cease the spread of the disease, which has already killed at least 17 people.