USD/JPY scales eight-month highs on trade optimism
USD/JPY tilted higher in Asian trade to May 23 highs following earlier trade data from Japan and ahead of US inflation data, and America and China reached a trade deal with signing scheduled on Wednesday.
As of 06:13 GMT, USD/JPY rose 0.13% to 110.09, marking eight-month highs at 110.21, with a session-low at 109.92.
Earlier Japanese data showed current surplus shrank to 1.437 trillion yen in November, beating estimates of 1.425 trillion.
Banking lending rose 1.8% y/y, slowing down from 2.1% in November.
From the US, consumer prices are expected to rise 0.2%, slowing down from 0.3% in November, while expected to rise 2.4% y/y.
Federal Reserve Bank of New York President John Williams was due to speak about the culture in financial services at a workshop hosted by the London School of Economics.
Otherwise, the US Treasury Department took China off its list of currency manipulating- countries after putting it there in August.
The Department said China has pledged executable commitments to avoid weakening yuan and publish forex information, bolstering yuan versus dollar to six-month highs.
| Symbol | Last | Change | Chg.% | ||
|---|---|---|---|---|---|
|
|
|
1.1731
|
0.0060
|
0.5124%
|
|
|
|
|
1.2927
|
0.0059
|
0.4569%
|
|
|
|
Tadawul
|
8299.08
|
16.57
|
0.20%
|
|
|
|
|
23.331
|
-0.025
|
0.109%
|
|
|
|
|
39.931
|
-0.359
|
0.891%
|
|
|
|
|
40.95
|
-0.08
|
0.19%
|
|
|
|
|
1887.980
|
15.285
|
0.816%
|
|
