European Market Update: Japan Abe Delays Sales Tax To Avoid Country From Returning To Deflation

Discussion in 'Fundamental Analysis' started by Angela_Riplay, Jun 1, 2016.

  1. Angela_Riplay

    Angela_Riplay Forum Member

    Sep 9, 2015
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    JPY currency firmed after Japan PM Abe confirmed he would push back the increase in sales tax by 2.5 years to late 2019. Concerns over the PMI manufacturing readings in Asia also provided a safe haven support. Session low was 109.65 with difficulties retaking the 110 level just ahead of the NY morning.[​IMG]

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