Japan Govt to issue more deficit-covering bonds – Mainichi

Dhwani Mehta FXStreet

The Japanese daily, The Mainichi, carries the latest headlines, citing that the Japanese government is likely to issue more deficit-covering bonds due to the downward revision in the current fiscal year's tax revenues.

No further details are available on the same.

Meanwhile, the USD/JPY pair attempts recovery from eight-day lows of 108.25 on trade-positive updates that flipped the S&P 500 futures back into the green territory. At the press time, the spot trades around 108.40 levels, almost neutral on the day.

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Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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