Japan’s Economy Minister Daishiro Yamagiwa said on Friday, new COVID-19 measures will aim to both prevent the virus spread and keep economic and social activities going.

Additional comments

“Will allocate budgets for raising govt-set wages of the nursery, care workers in coming economic stimulus.”

“Will prepare flexible measures on soaring energy costs in coming stimulus package as crude oil prices cannot be predicted.”

Market reaction

The above comments have little to no impact on the USD/JPY, as it holds the higher ground amid firmer US dollar and yields.

The spot was last seen trading at 114.24, up 0.18% on the day.

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