EU’s Michel: Japan is the Union’s closest strategic partner in Asia

Dhwani Mehta FXStreet

European Council President Charles Michel said in a statement on Thursday, “Japan is EU’s closest strategic partner in Asia.”

Additional quotes

Will expand our close cooperation to condemn Russia, expand sanctions.

Discussed close cooperation to counter measures to circumvent sanctions.

Want to deepen consultations over China.

Discussed how to get most out of various partnerships, including in energy.

In response, Japan PM Fumio Kishida said that they agreed to further cooperate with the EU and the group of seven on measures to deal with Russia.

Market reaction

EUR/USD was last seen trading at 1.0519, up 0.10% on the day.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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