{"id":106503,"date":"2020-11-10T17:18:51","date_gmt":"2020-11-10T17:18:51","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=106503"},"modified":"2020-11-10T17:18:51","modified_gmt":"2020-11-10T17:18:51","slug":"104774-japanese-yen-tanks-on-vaccine-breakthrough","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/104774-japanese-yen-tanks-on-vaccine-breakthrough\/","title":{"rendered":"Japanese Yen Tanks on Vaccine Breakthrough"},"content":{"rendered":"<ul>\n<li><strong>Japanese Yen Sees Biggest Decline Since Q1 Crash<\/strong><\/li>\n<li><strong>Technical Hurdles Ahead for USD\/JPY<\/strong><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">JAPANESE YEN SEES BIGGEST DECLINE SINCE Q1 CRASH<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The COVID vaccine announcements parked the selling of the Japanese Yen a well received move after Japanese Officials were fretting over the Yen\u2019s recent appreciation. USD\/JPY tracked risk assets and Treasury yields northwards booking the biggest 1-day percentage gain since the covid inspired sell-off amid a rise from 103.20 to 105.60.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Furthermore, as markets have been long JPY, the move has been exaggerated by a sizable liquidation.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Looking ahead and following the latest vaccine news attention will be updates from other vaccine makers such as Moderna, which is expected to produce similar results to Pfizer. Additional upwards pressure on yields could underpin USD\/JPY.\u00a0\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Japanese Yen Sees Biggest Decline Since Q1 Crash Technical Hurdles Ahead for USD\/JPY JAPANESE YEN SEES BIGGEST DECLINE SINCE Q1 CRASH The COVID vaccine announcements parked the selling of the Japanese Yen a well received move after Japanese Officials were fretting over the Yen\u2019s recent appreciation. USD\/JPY tracked risk assets and Treasury yields northwards booking [&hellip;]<\/p>\n","protected":false},"author":163946597,"featured_media":5418,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[2675,1381],"tags":[],"class_list":["post-106503","post","type-post","status-publish","format-standard","has-post-thumbnail","category-jpy","category-usd"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Japanese Yen Tanks on Vaccine Breakthrough - Currency Live<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/currencylive.com\/news\/104774-japanese-yen-tanks-on-vaccine-breakthrough\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Fiona Cincotta\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104774-japanese-yen-tanks-on-vaccine-breakthrough\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104774-japanese-yen-tanks-on-vaccine-breakthrough\\\/\"},\"author\":{\"name\":\"Fiona Cincotta\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"headline\":\"Japanese Yen Tanks on Vaccine Breakthrough\",\"datePublished\":\"2020-11-10T17:18:51+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104774-japanese-yen-tanks-on-vaccine-breakthrough\\\/\"},\"wordCount\":133,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104774-japanese-yen-tanks-on-vaccine-breakthrough\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100933-gbp-usd-super-wednesday-events.jpg\",\"articleSection\":[\"JPY\",\"USD\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2020\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104774-japanese-yen-tanks-on-vaccine-breakthrough\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104774-japanese-yen-tanks-on-vaccine-breakthrough\\\/\",\"name\":\"Japanese Yen Tanks on Vaccine Breakthrough - 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