From a global perspective, the spread of new corona infections has not stopped. According to the latest tally of Johns Hopkins University, the number of infected people in the world has already exceeded 14.49 million, and unfortunately, it is likely to exceed 15 million today. In such an environment, one of the concerns is the four consecutive holidays in Japan that will start today. For example, the Governor of Tokyo Koike has once again demanded that he/she refrain from going out urgently. What will happen? The so-called “second wave of infection” was also voiced as concerns about the explosive increase in the number of people infected next week.

In terms of materials, “US-China conflict including trade and Hong Kong situation”, “North Korea situation”, “British situation”, “Iran situation”, “New Coronavirus”, “US presidential election”, Factors of interest such as “US Fundamentals” are still full of attention.

Under such circumstances, the most important thing to watch out for is the continued caution against the “US-China conflict” and the “second wave of the new corona.” Regarding the latter, President U.S. President Trump said, “If you cannot maintain social distance, you should wear a mask,” he said, saying that the policy has changed, but how effective it is!?

Also, pay attention to the follow-up report on corona drugs, which is slowly but gradually increasing in number.

From a technical point of view, the dollar seemed to be “damaged” on the 20th, although it temporarily broke above the 107.40-45 yen, which had continued to hold down the dollar’s upside for the past week or more. Not only has it returned to the original range, but this time, on the contrary, it is moving to catch the lower limit of the range within the field of view.

Of course, be careful. Elsewhere, as the EU Reconstruction Fund agreement was decided, a lecture given by ECB President Lagarde will be watched. Pay attention to what kind of remarks pop out.

The expected US dollar-yen range today is 106.80-107.40 yen.

Analyzed by：Mr. Naoto Arase，Independent Analyst