Currency Analyst since 2010

Japanese Prime Minister Abe announced that he would delay a planned rise in the nation’s sales tax to 10% till Apr. 2017 and call a snap election to seek a fresh mandate, just 2 years after taking office.

The upper house of Japanese parliament will be dissolved on Nov. 21. The election will take place in middle of Dec.

USD/JPY stays below 117.05.

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