The American dollar and the Japanese Yen are much higher on the risk aversions related with the swine flu disease, while the concerns are growing regarding the possible impact of the swine flu spreading on the world economy, as well as economies of certain countries, who are the most affected by the flu (Mexico is on top of the list, as the outbreak of the disease happened in the country and over 80 people are already dead, followed by New Zealand and possibly Australia).
On the other hand, it is possible that Asian currency markets will also be damaged by the illness, as it has happened previously with the SARS. As for now, the government of Asian countries is working closely with airports and consulates to screen travelers.
Stock markets in Asia, though started positively, and then lead to selling of the Yen crosses. Euro and dollar pair was also affected by the information regarding the disease. While the pair closed at the high level of 1.3301 at the end of New York session, when it opened on Monday in Aria, is was already at the level of 1.3225, and sliding lower to 1.3155.
The USD and JPY pairs are also changeable, especially due to some serious concerns regarding the American banks stress tests.