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Japanese PM Abe says deflation almost out of the way

FXStreet (Mumbai) - The Japanese PMI Abe was on the wires on Thursday stating that the economy has almost beaten deflation.

Speaking in Tokyo, Abe said his Abenomics program has moved to the second stage. He also announced three new arrows of Abenomics - strong economy, child care and social welfare.

Abe now aims to increase the GDP to JPY 600 trillion and promote policies that shall bring investment to Japan.

USD/BRL: Brazilian Real sinks to all-time lows, at 4.1795

The Brazilian currency slumps to record lows versus the US dollar in the European session, driving USD/BRL just shy of 4.1800 levels.
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USD/CAD off highs, near 1.3340

The Canadian dollar remains on the defensive camp vs. the US dollar on Thursday, now taking USD/CAD to the 1.3340 area...
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