Yen pushes back against dollar after data

Economies.com
2018-06-22 06:12AM UTC

Dollar wavered against yen in Asian trade after a spate of upbeat Japanese data and ahead of crucial manufacturing and services data from the US. 

 

As of 07:11 GMT, USD/JPY inched down to 109.97 from the opening of 109.99, with a session-low at 109.85, and a high at 110.08. 

 

Earlier Japanese data showed core consumer prices rose 0.7% y/y in May, same as April and matching expectations. 

 

Japan's manufacturing PMI rose to 53.1 in June, up from 52.8 in May and beating forecasts of 52.6. 

 

All Industries Activity in Japan rose 1% in May, compared to no change in April, and beating forecasts of a 0.9% rise. 

 

Now markets await US manufacturing PMI, expected to come at 56.3, down from 56.4 in May, while the services PMI is forecast at 56.4, down from 56.8 in the previous reading. 

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