USD/JPY falls to three-week trough

2020-09-16 08:42:42 GMT (Economies.com)
USD/JPY falls to three-week trough

USD/JPY titled lower in Asian trade to August 28 lows following earlier Japanese data and ahead of the Federal Reserve's policy decisions. 

 

As of 06:50 GMT, USD/JPY fell 0.098% to 105.35, with a three-week low at 105.25. 

 

From Japan, the trade surplus widened to 248.3 billion yen from 11.6 billion in July, while the seasonally-adjusted reading showed a surplus of 0.35 trillion yen, down from 0.04 trillion in July. 

 

From the US, retail sales are expected up 1.1% in August, slowing from 7.5% in July, while core sales are expected up 1%. 

 

US wholesale inventories are expected up 0.2%, improving from a 1.1% tumble in June. 

 

Finally, the Federal Reserve will hold its policy meeting today through satellite, expected to maintain rates at near zero while revealing three-year estimates for inflation, unemployment, and growth. 

 

 
 
 
  Symbol Last Change Chg.%
1.1851
-0.0027
0.2261%
1.2932
0.0033
0.2527%
Tadawul
8364.61
6.65
0.08%
26.764
-0.247
0.916%
40.896
3.836
10.351%
43.15
-0.26
0.60%
1950.000
-4.225
0.216%
 
 
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