Japan’s Ishihara: Consumer sentiment is picking up

Japan’s Economy Minister Ishihara while talking about the Japanese GDP mentioned a pick up in the consumer sentiment and stressed the need to watch uncertainty in the global economy and fluctuations in the financial markets.

Key quotes

Economy in moderate recovery trend due to improvement in jobs, income conditions

Economy expected to recover moderately ahead

USD/JPY peeps above 111.00 as 10-yr T-yield gains 2bps

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AUD/JPY bulls defend the downside in Tokyo, drifting from key support

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