Citing sources with the knowledge of the matter, Kyodo reports that Japan’s Finance Minister Taro Aso told a senior Komeito lawmaker that a snap election in the fall is preferable.
On Monday, Aso told Komeito Secretary-General Tetsuo Saito about the snap election. However, Saito voiced his opposition, noting that it was not a good idea.
In the last hour, the Bank of Japan (BOJ) announced that it will widen the buying ranges for the Japanese Government Bonds (JGBs) up to 10-years for its July operations.
The yen remains little affected by the above headlines, as USD/JPY keeps its range play intact around 107.70 region so far this Tuesday. Focus shifts to the US data and Fed Chair Powell’s testimony for the next direction.
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. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.