Japan PM Abe: Fiscal policy is extremely important


Japanese PM Abe is on the wires now, via Reuters, making some comments on the economy and policy reforms while speaking before the Parliament.

Key Quotes:

Won't hesitate to use macro policy if economic concerns are realized.

Fiscal policy is extremely important.

Nothing path-breaking from the Japanese leader, as the USD/JPY pair consolidates the trade progress-led early spike to 107.77. The spot trades +0.07% around 107.50 levels.

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

Feed news

Latest Forex News

Editors’ Picks

EUR/USD: Upside remains capped below 1.1150 on downbeat German PMI

EUR/USD falls from near session highs of 1.1150  after the German Preliminary Manufacturing PMI missed expectations in December. Markets now await the Eurozone PMIs. 

EUR/USD News

GBP/USD drops back below 1.3400 ahead of UK PMIs

GBP/USD fades an uptick above the 1.34 handle and trades around 1.3380 despite growing optimism over a speedy and soft Brexit. The focus remains on the UK Markit Preliminary PMIs ahead of BOE.

GBP/USD News

Forex Today: Caution over deal details offset better China data; Brexit optimism, PMIs to dominate

Despite both sides agreeing on the Phase One trade deal on Friday, markets traded with caution, as they remained sceptical over the details of the deal that appear murky.

Read more

Gold: Flatlined after the biggest weekly gain since September

Gold is lacking a clear directional bias in Asia, having eked out its biggest weekly gain in nearly three months. The yellow metal is currently trading at $1,474 per Oz, representing little or no change on the day.

Gold News

USD/JPY clings to modest gains, just below mid-109.00s

The USD/JPY pair edged higher on the first day of a new trading week, albeit lacked any strong follow-through and remained well within the previous session's trading range.

USD/JPY News

Forex MAJORS

Cryptocurrencies

Signatures