Japan’s Aso: Not considering now compiling third extra budget

Japan’s Finance Minister Taro Aso crossed wires, via Reuters, during Friday’s Asian session. The diplomat turned down speculations of extra stimulus, which in turn helped the USD/JPY to pick-up bids.

Key quotes

Not considering now compiling third extra budget.

Now is time to make full use of emergency budget reserve to respond to coronavirus (COVID-19) crisis.

FX implications

Although the news favored the USD/JPY to refresh intraday high to 105.66, the pair fails to stay strong amid the pre-NFP cautious sentiment. It should, however, be noted that Japan’s Nikkei 225 stays mildly bid above 23,200 after overcoming Thursday’s technical glitch.