Forex: USD/JPY off lows; Abe says need to correct strong Yen
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USD/JPY
FXstreet.com (Barcelona) - After sellers made a second retest of lows at 88.36, the USDJPY is on the mend in the first hour of the Tokyo session, some 30 pips off its daily bottom, currently at 88.67.
Japanese PM Mr. Abe crossed the wires a few minutes ago, reminding the market about the necessity to correct excessively strong Yen, a tone which should be classified as nothing new.
He added, according to newswires, that "government mission is to restore strong economy", "BOJ-Government statement changes monetary policy fundamentally" and that "economic growth hinges on government's resolution"
Japanese PM Mr. Abe crossed the wires a few minutes ago, reminding the market about the necessity to correct excessively strong Yen, a tone which should be classified as nothing new.
He added, according to newswires, that "government mission is to restore strong economy", "BOJ-Government statement changes monetary policy fundamentally" and that "economic growth hinges on government's resolution"
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