It was a quiet start to the week in the economic calendar on Monday. The Japanese yen was at the beginning of the day.
Away from the data, an increase in new coronavirus cases last week and more spikes over the weekend weighed in at risky assets.
Over the weekend, May’s industrial profit and fixed asset investment figures failed to shift negative sentiment quickly.
Industrial profits grew 6% year-over-year in May, down from 4.30% in April. However, year-to-date, industrial profit was down 19.3%, a slight improvement from a 27.4% drop in April.
Looking at the latest coronavirus numbers
On Sunday, the number of new coronavirus cases rose 136,417 to 10,229,030. On Saturday, the number of new cases had increased to 208,420. The daily increase was less than the Saturday increase while there were 131,020 new cases since last Sunday.
Germany, Italy, and Spain reported 650 new cases on Sunday, down from 1,029 new cases on Saturday. Last Sunday, only 917 new cases were reported.
From the US, the total number of cases on Sunday increased from 35,905 to 2,632,442. On Saturday, the total number of cases had risen to 48,661. On Sunday, June 21, a total of 26,079 new cases were reported.
For Japanese yen
According to the Ministry of Economy, Trade, and Industry, retail sales slipped 13.3% in April from a year-on-year decline in May to 12.3%. Economists had forecast a fall of 11.6%.
The Japanese yen rose from ¥ 107.182 to ¥ 107.186 when the figures were released. At the time of writing, the Japanese Yen was down 1.0 to% against the US dollar, at 107.29.