Intra-day Market Moving News and Views
25 Aug 2015 01:30GMT
USD/JPY - ..... Japanese officials are publicly expressing their 'dismal' on recent sudden yen's strength especially Monday's spectacular gain by the Yen to a 7-month high vs the dollar at 116.15.
Reuters reported Japan's top government spokesman said on Tuesday that recent movements in financial markets have been rough and that the country will continue to cooperate with G7 financial authorities and take steps if needed.
Chief Cabinet Secretary Yoshihide Suga also told a news conference that the government will continue to closely monitor market moves.
He repeated that Japan's economy continues its gradual recovery as corporate earnings are at record highs and as the job market and wages are improving.
Japanese Finance Minister Taro Aso warned market players against pushing up the Yen too much further, saying that its spike against the dollar overnight was "rough" and undesirable for the economy.
Data to be released on Tuesday:
New Zealand inflation expectations, Germany GDP, Ifo reports, UK BBA mortgage approvals, U.S. monthly home price, Redbook, Markit service PMI, consumer confidence, and new home sales.
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