Policies don't directly target FX, but they helped correct excessive yen rises – Japan’s PM Abe

Japan’s PM Shinzo Abe was on the wires over the last hour, noting that the domestic policies don’t directly target FX.

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Our economic policies don't directly target FX but it's true they helped correct excessive yen rises

Japan making progress in heightening inflation expectations through monetary policy

USD/JPY: Yen back in demand, risk off at full steam

Risk-off sentiment is slowly sinking into markets, with the Japanese stocks paring opening gains and thus, adding to the renewed selling pressure on the USD/JPY pair.
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Risk-aversion hits Asia, China stocks tumble

The stocks on the Asian bourses came under fresh selling pressure and trimmed early gains after the Chinese indices tumbled at open, with markets turning cautious ahead of a raft of crucial economic data lined up for release across the globe this week.
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