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JPY Surged As Investors Focused On The Coronavirus Pandemic

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Asian shares traded mixed as investors mainly focused on the coronavirus pandemic after the number of daily deaths caused by COVID-19 globally reached a record high of 10,502.

On the economic front, Japan recorded a trade surplus of JPY 872.9 billion in October of 2020, compared with a JPY 11.2 billion surplus a year earlier, with the exports fell by 0.2% to JPY 6.57 billion while imports dropped at a faster 13.3% to JPY 5.69 billion.

In the FX markets, both AUD and NZD traded lower amid the risk-off tone as investors focused on the coronavirus pandemic.

Meanwhile, the JPY surged as investors turn their assets to safe-havens flow.

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