USD/JPY loses ground for first session in four

Economies.com
2021-12-09 06:18AM UTC

USD/JPY tilted lower in Asian trade off November 29 highs following earlier data from Japan and ahead of US data.

 

As of 06:16 GMT, USD/JPY fell 0.02% to 113.61, with an intraday low at 113.59.

 

Earlier Japanese data showed manufacturing index rose to 7.9 from 7 in the second quarter, eating estimates of 5.3.

 

The M2 monetary supply rose 4%, slowing down from 4.2% in October, while machine annual orders rose 64%, slowing down from 81.5% in October.

 

From the US, unemployment claims for the week ending December 4 are expected down 4K to 218K from 222K in the previous reading, while wholesale inventories are expected up 2.2%.

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