Japan's deputy economy minister: weakening yen good for the economy

FXStreet (Bali) - Japan's deputy economy minister is crossing the wires, saying that weakening the yen is good for the Japanese economy, adding that while "the currency hit the 106 yen level today for the first time in a long time, but I’m not worried at this level."

Sep 10, 2014

Australia Westpac Consumer Confidence Index: 94 (September) vs previous 98.5

USD/JPY keeps finding plenty of buyers circa 106.00

USD/JPY is recovering off 106.00 level, presently at 106.24, following comments from the Japanese deputy economy minister, saying that weakening the yen is good for the Japanese economy, adding that while "the currency hit the 106 yen level today for the first time in a long time, I’m not worried at this level."