Turkish finance minister Albayrak: Central bank would not hesitate to take necessary steps

Turkey's finance minister Berat Albayrak was out on the wires in the last hour, reiterating that Turkey doesn't plan to seek IMF support and that the central bank would not hesitate to take necessary steps.

Key quotes:

   •  Monetary policy will continue to be shaped within the target of price stability.
   •  The central bank has likely been more independent than those of other countries.
   •  Will continue on with this independence.
   •  Needs a full-fledged fight against inflation at this point.

USD/JPY keeps the red, just below 111.00 handle

   •  Escalating US-China trade tensions continue to underpin JPY’s safe-haven demand.    •  Subdued USD price action does little to lend any support
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