Japan’s Matsuno: Not thinking of economic stimulus package now

“Low possibility that request for power saving will remain in place after Tuesday due to expected warmer weather,” said Japan’s Chief Cabinet Secretary Hirokazu Matsuno after the country witnessed a major power cut-off the previous day.

Additional comments

We have filed a protest against Russia's suspension of peace talks.

Not thinking of economic stimulus package now.

Market reaction

The news joins firmer US Treasury yields to exert additional downside pressure on the market sentiment. That said, USD/JPY remains firmer around the six-year high near 120.00.

Read: S&P 500 Futures drop as US T-bond yields stay firmer around three-year high