USD/JPY falls off three-month high as dollar rebounds

2020-05-22 08:15:48 GMT (Economies.com)
USD/JPY falls off three-month high as dollar rebounds

USD/JPY tilted lower in Asian trade off April 13 highs following earlier data from Japan and an emergency BoJ policy meeting, and amid a lack of data from the US. 

 

As of 06:03 GMT, USD/JPY fell 0.15% to 107.45, with an intraday low at 107.41. 

 

Earlier Japanese data showed consumer prices rose 0.1% compared to a 0.4$ rise in March, while core prices fell 0.2%. 

 

Bank of Japan held an emergency meeting on May 22, maintaining rates at negative 10% as expected while also maintaining 10-year government bond yield targets at zero. 

 

The BoJ has launched a new lending program to support medium and small countries suffering from the Covid 19 hit. 

 

The Bank of also accelerate purchases of 6-month corporate bonds until the end of the year, with total measures taking against Covid 19 amounting to 75 trillion yen so far. 

 

According to World Health Organization data, cases of the Covid 19 reached 5.107 million worldwide, with the death toll standing at 333,000. 

 
 
 
  Symbol Last Change Chg.%
1.2107
0.0110
0.9131%
1.3365
-0.0005
0.0344%
Tadawul
8694.13
-17.99
0.21%
24.044
1.797
8.078%
45.180
-0.150
0.331%
48.11
0.70
1.48%
1829.970
53.790
3.028%
 
 
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