USD/JPY gains ground for first session in four

2020-08-07 07:53:08 GMT (Economies.com)
USD/JPY gains ground for first session in four

USD/JPY tilted higher in Asian trade while still on track for the third weekly loss in a row following earlier spending data from Japan and ahead of US data. 

 

As of 05:55 GMT, USD/JPY rose 0.01% to 105.56, with an intraday high at 105.64. 

 

Earlier Japanese data showed household spending fell 1.2% in June, improving from a 16.2% tumble in May, while average earnings fell 1.7%. 

 

Japan's Prime Minister Shinzo Abe warned the current Covid 19 situation in Japan is worse than in April, but it doesn't require an emergency state. 

 

From the US, payrolls are expected up 1.530 million in July, adding to a 4.80 million increase in June, while average hourly earnings are expected down 0.5%, and the unemployment rate is estimated down to 11.1% from 12.3%. 

 

Wholesale inventories are expected down 2%, while consumer credit is expected up $10 billion in July. 

 
 
 
  Symbol Last Change Chg.%
1.1668
-0.0102
0.8649%
1.2757
-0.0072
0.5608%
Tadawul
8236.17
-26.43
0.32%
23.102
-2.904
11.165%
40.325
0.134
0.333%
41.94
0.00
0.00%
1867.535
-47.990
2.505%
 
 
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