Japan’s new Prime Minister is Yoshihide Suga, as confirmed by the Japanese Parliament. The USD/JPY pair was seen to plunge below 105.00.
He is reported to have a quiet demeanor with a focus on results and possesses a low profile, behind the scenes negotiating style to aims to get the job done.
As Japan moves into this new season, hope it will be a great one for the country.
Updates from BoJ today failed to draw bids for the Yen. Rates decision were maintained at status quo. The bank also opined that the economy could soon see higher outputs and exports.
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