Japan’s Abe: Abenomics is producing results

Speaking in Tokyo earlier today, Japanese PM Shinzo Abe praised his Abenomics policy, although he refrained from commenting on the sales tax hike delay decision announced yesterday.

Headlines:

Abenomics is producing results

Will seek to ratify TPP in next parliamentary session

Will set up green card system for qualified foreign staff

Meanwhile, USD/JPY keeps moving back and forth above 109 handle, with the upside restricted by 50-DMA resistance.