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.