Japan’s Nishimura: Recovery in availability of jobs has slowed under state of emergency
|The recovery in the availability of jobs has slowed under the state of emergency during January and February, the Japanese Economy Minister Yasuhisa Nishimura said on Tuesday.
His comments come after the country’s jobless rate held steady at 2.9% in February while the availability of jobs declined from the previous month.
On Monday, Nishimura announced that a state-backed fund will make its first investment into companies suffering from the fallout of the coronavirus pandemic, per Reuters.
USD/JPY challenges 110.00
Despite a broad retreat in the US dollar and risk-off environment, USD/JPY remains underpinned and closes in on the 110.00 level.
The spot was last seen trading at 109.88, up 0.11% on the day.
Separately, some chatter is doing the rounds that the Japanese exporters are reportedly selling into the 110.00 round number, in the face of the fiscal year-end in Japan.
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.