Published at 00:07 (GMT) 25 Feb
MoF Taro Aso says Japan is aiming for the same objective as G20 target.
Japan Jan corporate service price +0.8%y/y.
On FX, little change in USD/JPY, at 102.50-55, eye Japan go-to-bi Nakane Fixing demand today. Bids at 102.20-30, offers at current levels 102.50-60, Interest to sell USD/JPY on rallies, though Cross/JPY supported after AUD/JPY, NZD/JPY rally.
But still vulnerable in Asia to concerns over China stocks and commodities. Iron Ore broke key $120.00 to $119.90, 8-month lows since July 2 $119.30. Should weigh on AUD, AUD/JPY - though AUD, AUD/JPY rebounded and rallied strongly in NY. AUD at 0.9036-39, 1-big figure up from 0.8938 hit in Asia on China concerns - stocks, rebar, iron ore futures fall on Monday. AUD/JPY at 92.60-63, up from 91.60-65.
EUR/JPY at 140.75-80, range of 140.51 to 141.00, offers 141.00-10, bids at 140.00 lows. Focus on any fresh ECB easing, measures in March, after ECB Mario Draghi comments at G20. Interest to sell on rallies. WL
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