Published: 2024-08-14T04:54:02.000Z
USD/JPY flows: Kishida's driven JPY stregnth shortlives
FX Analyst
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Japan PM Kishida says Japan must promote wage, investment growth for full exit deflation-prone economy after announcing he won't be running to stay on as PM.
Japanese Prime Minister Kishida announced he will not seek re-election and effectively stepping down in September.In his press conference, he says Japan must promote wage, investment growth for full exit deflation-prone economy.
The political surprise has sent USD/JPY lower to 146.07 before rebounding to 146.93 and turned 0.08% higher for the session.