Published at 02:40 (GMT) 18 Jul
Japan MoF Taro Aso says need to watch negative impact on economy, such as oil, due to Ukraine situation and downing of MH17. Declines comments on planned BRICS Development bank.
Aso say slowdown in demand after sales tax rise is easing.
On FX, cautious comments from MoF Aso, given geopolitical risks. Aso relatively positive outlook for demand, as impact of sales tax hike is easing. Also no comments on BRICS.
USD/JPY at 101.28-30, still within 20-25pips range of 101.10-30, as markets look for further details of MH17 over Ukraine. Offers 101.40-50, good bids 101.00-10.
USD/CHF at 0.8977-80, capped by EUR/CHF selling interest. Offers ahead of 0.9000 option/ psychological level. Bids at 0.8940-50. Eye any further risk aversion, Cross/JPY, Cross/CHF sales. Though SNB is watching EUR/CHF, now at 1.2140-43, and USD/CHF very closely. WL
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