Japan economy minister Goto: 2tln Yen of reserves to fund price, covid measures
|Japan Economy Minister Shigeyuki Goto crossed the wires and said that they have compiled various price measures and will deploy 2tln Yen of reserves to fund these price and covid measures.
Earlier, Shunichi Suzuki, Japan´s Finance Minister, crossed the wires and stated that Japan's financial system is stable.
Key notes
Will use reserve funds to respond to prices flexibly.
Putting together additional price measures.
Will coordinate with BoJ, other countries' authorities with various possible risks in mind.
Japan's financial system is stable overall.
USD/JPY update
The falling wedge is a bullish pattern and should bulls commit at the W-formation´s neckline, then there will be prospects of a move up to test 133.00 for the days ahead.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.