Yen slightly depress the strengthening US Dollar on Friday (13/11) this morning as investors were digesting the comments expressed by the US Fed officials about the prospect of higher US interest rates next month.
USD / JPY slightly sloping 0:04 percent to 122.53. Last night, the US Dollar against the currencies of placement cut-major currencies, though still not far from the high level, after the chairman of the Fed, Janet Yellen, chose not to comment on central bank monetary policy ahead. In his acceptance speech at the Fed conference Thursday night, Yellen declined to make a speech about the short-term outlook of the FOMC.
Japanese Economics Minister Extras Allocates Funds To TPP
On the other hand, Japan's industrial production report recorded gains 1.0 percent gain month-to-month in September.
Meanwhile, the Minister of Economy of Japan, Akira Amari, said that he does not feel the need to reconstitute the extra budget to stimulate growth, although no doubt there is the possibility of Japanese economic data which will be announced next week showed technical recession.
Amari statement quoted by Reuters also reveal that the Japanese government will be allocating additional budget to fund the policies relating to trade pact Trans Pacific Partnership (TPP), and all things related to the decline in Japan's population
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