Published at 04:35 (GMT) 19 Mar

USD/JPY, EUR/USD Flows - Kyodo: Privatization For Japan Post Be Decided on Wed-Kamei (PYHC2001)

Focus remains on Japan Post again, given any changes in investment strategy; Kyodo: Financial Services Minister Shizuka Kamei, who is also in charge of Japan's postal reform, said the outline of a bill to review the current privatization process of state-owned Japan Post Holdings Co. will be decided around Wednesday. A key focus of the bill includes how much stake the government intends to hold in Japan Post, the financial giant wholly owned by the state. Kamei said the government will make a decision on these matters so that Japan Post can offer ''universal services in the real sense of the term.'' On FX, good to watch the above for any longer term impact. USD/JPY at 90.44-48, thin markets ahead of Japan long weekend. Offers 90.50-60/ 90.80-91.00. Bids 90.00-20. EUR/JPY at 123.22-25, offer 123.50.WL