Approval rating for Japan's Abe falls three points

Joshua Gibson FXStreet

Japanese Prime Minister Shinzo Abe is continuing to get punished in approval polls across Japan following the Moritomo scandal.

Key highlights

Japan's government heads into Monday following Shinzo Abe's slip in two national approval polls.

The Prime Minister's approval rating sunk to 30 percent in the Mainichi poll and 39 percent in the Yomiuri poll.

a 3 point decline for both polls.

PM Abe is a major proponent of the Bank of Japan's current monetary policy, and his ousting could possibly see a more hawkish replacement.

Author

Joshua Gibson

FXStreet

Joshua joins the FXStreet team as an Economics and Finance double major from Vancouver Island University with twelve years' experience as an independent trader focusing on technical analysis.

EUR/USD turns negative near 1.1850

EUR/USD has given up its earlier intraday gains on Thursday and is now struggling to hold above the 1.1850 area. The US Dollar is finding renewed support from a pick-up in risk aversion, while fresh market chatter suggesting Russia could be considering a return to the US Dollar system is also lending the Greenback an extra boost.

GBP/USD change course, nears 1.3600

GBP/USD gives away its daily gains and recedes toward the low-1.3600s on Thursday. Indeed, Cable now struggles to regain some upside traction on the back of the sudden bout of buying interest in the Greenback. In the meantime, investors continue to assess a string of underwhelming UK data releases released earlier in the day.