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Japan PM Abe wants to declare one-month state of emergency for seven prefectures on Tuesday

According to Bloomberg and Reuters, Japanese Prime Minister Shinzo Abe wants to declare a one-month state of emergency on Tuesday, April 7, for seven prefectures.

Reuters reports that Tokyo Governor Koike already declared an emergency last night. The ramifications for both declarations will be massive but may not result in as tight a lockdown as many feared.

In the last hour, the Japanese Advisory Panel approved the state of emergency, as cited by the Kyodo news agency.

  • USD/JPY Price Analysis: Snaps three-day winning streak, but above 200-day SMA
  • Japan’s Nishimura: State of emergency to remain in effect until May 6

RBNZ to extend QE to NZD 33bn now, Kiwi stays above 0.5950

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When is the German Industrial Production and how could it affect EUR/USD?

Germany, Eurozone's manufacturing powerhouse, will publish Industrial Production data for February at 06:00 GMT. The output is forecasted to have cont
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