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USD/JPY plumbs four-month low
USD/JPY fell to March 16 lows following earlier Japanese data and ahead of US data today, amid rising US-China tensions.
As of 05:55 GMT, USD/JPY fell 0.31% to 105.66, marking four-month lows at 105.46.
Earlier Japanese data showed industrial activity fell 3.5% as expected in May, while core consumer prices rose 0.1% in June.
In their meeting minutes, Bank of Japan's policymakers doubted the economy would recover to pre-Covid 19 levels before 2022.
From the US, durable goods orders are expected up 7% in June, slowing down from 15.7%, as core orders are estimated up 3.5%.
US Treasury Secretary Steven Mnuchin said the Republican Party is putting the final touches on a $1 trillion rescue bill for the economy.
The World Health Organization reported nearly 15.8 million Covid 19 cases worldwide, with 642,000 dying so far.
China asked the US to close the Chengdu consulate in retaliation of the shutdown of the China Houston consulate, with bilateral relations continuing to deteriorate between both sides.
US stocks open lower on concerns over US-China tensions
The major US stock indices fell on Friday, as the tensions between the US and China continued to escalate.
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