USD/JPY climbs from five-month trough

2020-08-04 08:12:07 GMT (Economies.com)
USD/JPY climbs from five-month trough

USD/JPY tilted higher in Asian trade off March 12 lows following earlier inflation data from Japan and ahead of US data. 

 

As of 05:50 GMT, USD/JPY rose 0.14% to 106.10, with an intraday high at 106.19. 

 

Earlier Japanese data showed the Tokyo consumer prices index up 0.6% y/y in July, compared to a 0.3% increase in June. 

 

Core prices, excluding food, rose 0.4%, while prices also excluding energy rose 0.6%. 

 

Japan's finance minister Taro Aso described yen's recent surge as "quick", with the government concerned about the impact of a stronger currency on exports. 

 

From the US, factory orders are expected up 5.1%, slowing down from 8% in May. 

 

US House of Representatives Majority Leader Nancy Pelosy said she'll meet US Treasury Secretary to continue discussions on the financial rescue package. 

 
 
 
  Symbol Last Change Chg.%
1.1664
-0.0106
0.8968%
1.2748
-0.0081
0.6333%
Tadawul
8236.17
-26.43
0.32%
22.969
-3.037
11.678%
40.341
0.150
0.373%
41.94
0.00
0.00%
1864.815
-50.710
2.647%
 
 
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