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10 Sep 2020

Japan's Suda: Economic activity starting to resume thanks to government payouts, loans

"We will have to call for a sales tax hike in the future given Japan cannot avoid a decline in population," Japanese Chief Secretary and front-runner for the country’s leadership race Yoshihide Suga said on Thursday, as reported by Reuters.

"We want to bring Japan's economy back to pre-pandemic levels about a year from now," Suga added. "Economic activity is starting to resume thanks to government payouts and loans."

Market reaction

The USD/JPY pair showed no significant reaction to these comments and was last seen trading flat on the day at 106.16.

Sep 10, 2020

EUR/USD sticks to post-ECB gains to over 1-week tops, around 1.1900 mark

The EUR/USD pair added to its strong intraday gains and jumped to over one-week tops, around the 1.1915-20 region in the last hour, albeit retreated f
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Sep 10, 2020

Breaking: EU warns UK over serious violation of international law, GBP/USD extends slide toward 1.2900

The European Commission said on Thursday that if the UK's Internal Markets Bill were to be adopted, it would constitute an extremely serious violation
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