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Japanese Economy Minister Motegi crossed the wires last minutes, via Reuters, making some comments on the Japanese economic situation amid stumbling local stock markets.

Key Headlines:

Moderate economic expansion in Japan.

Consumer spending good.

Capex good.

The USD/JPY pair is on the road to recovery alongside the US equity futures and hovers around 106 handle, following Wednesday’s sell-off fuelled by the US 2-year-10-year yield curve inversion that suggested increased odds of a US recession.