Recent confirmation that US President tested positive

The euro bounces back against the Japanese yen in the trading sessions yesterday, but bearish investors try to defend their gains this Tuesday. However, the euro to Japanese yen exchange rate is still projected to climb up to its resistance level in the coming trading sessions, hitting ranges last seen just last month. The safe-haven appeal of the Japanese yen isn’t working well against the euro despite the uncertainties brought by the recent confirmation that US President Donald Trump tested positive for the deadly coronavirus. Looking at it, most major currencies, including the US dollar, are seen gaining ground against the Japanese yen. On the other hand, the bloc’s single currency appreciated against most major currencies since the start of the pandemic. And just recently, a source close to the matter said that the finance ministers of the group will continue to monitor the strength of the exchange rate against a basket of currencies in the market.