The headlines are not going to get better
The headlines on the coronavirus continue to not instill a lot of confidence. It is hard not to think that numbers get bigger as the virus spreads.
The latest comes from New York State health Department which is saying:
Was looking like as a big reversal to the upside in the US stocks has fizzled out. The major indices are off low levels but still down 2.2% to 2.66% (the NASDAQ leads to the downside).
As a result, the USDJPY which moved back above the old consolidation area at 110.129, has seen the price rotate back below that level (buyers turned back to sellers).
