USD/JPY backs off year peak

Economies.com
2021-06-24 05:52AM UTC

USD/JPY tilted lower in Asian trade off March 2020 following a spate of data from Japan and ahead of US data and Fed speeches. 

 

As of 06:50 GMT, USD/JPY fell 0.09% to 110.86, with the highest in 15 months at 111.12. 

 

From Japan, services prices rose 1.5% in May, up from 1.1% in April, beating estimates of 1.4%. 

 

From the US, GDP growth is expected up 6.4% in the first quarter, up from 4.3% in the previous quarter, while GDP prices are expected up 4.3%. 

 

Durable goods orders are expected up 2.9% in May, compared to a 1.3% drop in April, while core orders are expected up 0.8%, compared to a 1% increase in April. 

 

Unemployment claims for the week ending June 19 are expected down 30 thousand to 382 thousand, while continuing claims for the week ending June 12 are expected down 48 thousand to 3.47 million.

 

Federal Reserve Bank of Atlanta President Raphael Bostic is due to participate in a virtual panel discussion titled "Rebuilding Sustainably and Equitably" at an online event hosted by the Official Monetary and Financial Institutions Forum. 

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