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Abe adviser Fujii: Japan should postpone sales tax hike

Adviser to Japanese PM Abe, Sotoshi Fujji, was on the wires earlier today via Bloomberg, noting that the government should postpone sales tax hike.

Key Quotes:

Japan government should adopt income-target policy

Japan should postpone sales tax hike

Japan needs at least 10tln ye of fiscal spending

AUD/USD fades a spike to 0.7190, despite risk-on

The AUD/USD pair took-out Tuesday’s high, although failed to sustain at higher levels and drifted lower over the last hour.
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USD/JPY: Loss of 109.00 accelerates downside

USD/JPY has broken bellow the 109.00 round number at the open of trading in China, with an acceleration towards 108.80 seen afterwards, as risk sentiment worsen
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