Japanese Yen rises on positive economic data

Japanese yen rose against US dollar today, after the release of positive economic data amid market anticipation of results from the latest round of US-China trade talks.

Japanese data showed today that Tokyo Core CPI rose by 0.7%, lower than forecasts of 0.8%, while unemployment fell to 2.2% from 2.3%.

The Japanese preliminary industrial production rose during last month by 1.3%, higher than forecasts of 0.3% and the retail sales fell by 2%.

The markets are still anticipating any tangible results from the current round of the trade talks between US and Chinese officials.

Analysts see that this latest round of trade talks can lead to a final trade agreement, as it came according to China's desire.

As of 18:54 GMT, USD/JPY fell by 0.2% to 106.2, with a high of 106.5 and a low of 106.1.