Japanese Industry Minister Hiroshige Seko was on the wires last hour, via Reuters, saying that Japanese economy stays firm supported by domestic demand.
Seko added that they are watching US-China talks for their influence on the Japanese firms.
Earlier today, the Finance Minister Aso said that consumption shows no sign of last-minute rush in demand ahead of October’s sales tax hike.
The headlines continue to have little to no impact on the USD/JPY pair, as it remains at the mercy of the USD dynamics. The spot flirts with daily tops near 106.35 region, despite a 25bps Sept Fed rate cut fully factored in and rising US-China trade risks.
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