Yen settles higher against dollar in Asia

Economies.com
2018-12-11 05:44AM UTC

Dollar tilted lower against yen in Asian trade off December 4 highs for the second session, following earlier data from Japan and ahead of US inflation data later today. 

 

As of 05:40 GMT, USD/JPY shed 0.19% to 113.11, with an intraday low at 113.01, and a high at 113.35. 

 

Earlier Japanese data showed M2 money stock rose 2.3%, slowing down from 2.7% in October, while a key index tracking manufacturing receded to 5.5 from 6.5 in the previous quarter. 

 

Now investors await US producer prices data, expected with no change in November, compared to a 0.6% increase in October. 

 

Core producer prices are estimated with a 0.1% increase, slowing down from 0.5%, while expected with a 2.5% yearly increase, down from 2.6%. 

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