USD/JPY climbs ahead of Fed's meeting

2020-07-28 07:45:19 GMT (Economies.com)
USD/JPY climbs ahead of Fed's meeting

USD/JPY tilted higher in Asian trade following earlier inflation data from Japan and ahead of US data and the Federal Reserve's 28-29 July policy meeting. 

 

As of 05:57 GMT, USD/JPY rose 0.19% to 105.57, with an intraday high at 105.69. 

 

Earlier Japanese data showed services prices up 0.8% in June as expected, compared to a 0.5% increase in May. 

 

From the US, house prices is expected up 4.1% in June, while the Richmond manufacturing index is expected up to 5 in July from zero. 

 

The CB consumer confidence index is expected down to 94.0 from 98.1 in July, while the Federal Open Market Committee prepares to start its two-day policy meeting today, expected to maintain rates unchanged at near zero. 

 

Yesterday, Senate Majority Leader Mitch McConnell revealed the Republican rescue bill for the economy, amounting to $1 trillion for the unemployed and other affected sectors of society.  

 
 
 
  Symbol Last Change Chg.%
1.1668
-0.0102
0.8645%
1.2752
-0.0077
0.5990%
Tadawul
8236.17
-26.43
0.32%
22.962
-3.043
11.703%
40.369
0.178
0.443%
41.94
0.00
0.00%
1866.055
-49.470
2.583%
 
 
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