Japan´s Finance Minister: 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 is on the backside of the prior bear trend and a 50% mean reversion comes in at 131.80 meeting the necklines structure.
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