Japan LDP’s Komura: PM Abe said he will delay tax hike by 2.5 years

Vice President of Japan's Liberal Democratic Party (LDP) Masahiko Komura was on the wires over the last hour, noting that Japan’s PM Shinzo Abe will delay tax hike by two and a half years.

Although no comments were officially confirmed from Abe’s office.

Meanwhile, the yen is getting hit all over the fx board, driving USD/JPY to fresh five-week highs just few pips shy of 111 mark.