Japan's nominal GDP results in Q1 2015 may not be sustainable – Japan’s EcoMin Amari

FXStreet (Mumbai) - Speaking to media on Tuesday, Japan's Economy Minister Akira Amari said that it is important for currencies to move in line with economic fundamentals in a stable manner and those sudden moves in exchange rates are not desirable.

Amari further added that it is up to financial markets to decide whether the currencies truly reflect the state of the economy.

The minister also noted that Japan's nominal GDP results in Q1 2015 may not be sustainable. It is essential to carefully monitor developments in capital expenditures.

Jun 9, 2015

EUR/GBP hits fresh 5-week highs near 0.7390

The British pound was smashed by the shared currency in the European morning, sending EUR/GBP to fresh session highs just shy of 0.74 barrier. The cross edged higher largely on sterling weakness as traders now focus on the UK trade balance data which is expected to disappoint markets.

Greece to ask for ESM money to repay ECB

An EU official on Tuesday confirmed that the EU commission has received a new Greek proposal,through which Greece is to ask the ‘Troika’ for money via the European Stability Mechanism (ESM) to repay the debt to the European Central Bank (ECB).