Japan’s Nishimura: Not able to comment on forex levels, although prefer stability

Japanese Trade and Economy Minister Yasutoshi Nishimura said on Tuesday, he would prefer stability in forex rates.

Key quotes

“Not able to comment on forex levels, although prefer stability.”

“The Yen weakness should be used in order to give exports a boost.”

Market reaction

USDJPY is consolidating the latest uptick at around 140.30, adding 0.29% on the day. The Japanese Yen was smashed on the negative Japanese GDP print for the third quarter this year.