Japan's financial system is stable

Shunichi Suzuki, Japan´s Finance Minister, has crossed the wires and has stated that Japan's financial system is stable.

Key notes

Will use reserve funds to respond to prices flexibly.

Putting together additional price measures.

Will coordinate with BoJ, other countries' authorities with various possible risks in mind.

Japan's financial system is stable overall.

USD/JPY update

• USD/JPY Price Analysis: Bulls are up to test key resistance near 132.60, 50% reversion and support eyed

USd/JPY is on the backside of the prior bear trend and a 50% mean reversion comes in at 131.80 meeting the necklines structure.