Early Monday morning in Europe, Japanese Prime Minister Fumio Kishida crossed wires, via Reuters, while assuring the markets of the government’s readiness to act if there is a crisis.

“I will secure a budget to help the economy recover during emergency,” adds Japanese PM Kishida.

FX implications

Earlier in the day, Japan’s one-year inflation expectations jumped to the highest levels since September 2015.

It’s worth noting that Japan’s big manufacturers and non-manufacturers seem to have a cautious outlook for Q4 2021, as depicted from the latest Tankan data.

Even so, USD/JPY prints 0.10% intraday gains, around 113.50 by the press time while tracking firmer yields and stock futures as the key week begins.

Read: When the Facts Change: US Inflation becomes the dominant economic topic