Asian session review: the US dollar and euro declined against the yen

During today's Asian trading, the US dollar and the euro fell significantly against the yen. Concerns about the spread of the coronavirus remain on the market. Investors were also concerned about US President Donald Trump's decision to close entry to the US for 30 days for EU citizens amid the pandemic.

The ICE Dollar index, which shows the value of the dollar against six major world currencies, fell by 0.22% compared to the previous day.

Trump in his address to citizens announced the decision to ban travel from Europe to the country from March 13. He said that " exceptions will be provided for Americans who have passed the appropriate testing (for coronavirus)." "These restrictions will not apply to the UK," trump said.

Trump also announced financial support for small businesses and vulnerable segments of the population, as well as tax breaks in connection with the spread of the coronavirus in the country.

The World health organization on Wednesday declared a pandemic in connection with COVID-19. According to who criteria, a pandemic is the spread of a new disease on a global scale.

The Bank of England on Wednesday urgently lowered its benchmark interest rate by 0.5 percentage points to 0.25% from 0.75%, and unveiled a package of additional measures to help businesses and homeowners cope with the negative consequences of the spread of the coronavirus.

Australian authorities will spend 17.6 billion Australian dollars to support the economy in the face of the spread of the coronavirus, in an effort to prevent a recession.

Australian Prime Minister Scott Morrison said on Thursday that the stimulus measures include subsidies for small and medium-sized businesses, as well as support for the unemployed and pensioners. Earlier this week, the country's authorities announced $1.56 billion in health spending.