Reuters reporting headlines quoting government sources, Japan’s PM Abe is likely to announce a delay in the sales tax hike and will hold a meeting with finance minister
The USD/JPY pair finally broke its overnight consolidation phase between 109.50-85 levels to the upside over the last hour, in a bid to reclaim 110 handle, before meeting
G7 communique also contains references to FX, noting that the G7 confirms commitment to market determined FX rates Headlines We affirm our existing exchange rate commitments to market
AUD/JPY is currently in positive territory given the return of risk this week and a pick up in the commodities sector, despite the strength seen in the Yen
USD/JPY is currently trading in recovery of yesterday’s sell-off overall, but the offer tone persists while price remains below the 110.00 level with lows made at 109.52. USD/JPY
Valeria Bednarik, chief analyst at FXStreet explained the GBP/USD pair extended its weekly rally up to 1.4739, but turned lower after the release of some soft UK data.
Japanese inflation numbers just went from bad to worse, with Tokyo May figuures all coming wore than the previos month, while the national CPI for April was also
Analysts at Westpac noted that there were several second-tier US data releases, with mixed outcomes but markets reading them overall as a little soft and commodity currencies hardened.
