Updated: Mar 22
This is the Economic GPS Insight Report
I'm Thaddeus Cummins
Today is Mar 12 Friday 10:00 AM NY, NY, USA
#Yen Index - USD/JPY, GBP/JPY, EUR/JPY
The US dollar climbs to 109 versus the Yen as the British sterling climbs to 152 and then drops back to 151.5. The Euro is in a trading pattern versus the Yen near 130. Price action suggests central banks are not immediately concerned about inflation potential of US $1.9 trillion relief package. Initial actions taken by the global senate of central banks support US relief expenditures.
As more US governors start opening their states' economies trends suggest COVID could be whipped by summer 2021.