Yen climbs off two-week trough against dollar

Economies.com
2018-11-29 06:07AM UTC

Yen rose from November 13 lows against the dollar for another session, following earlier retail sales data from Japan and ahead of US housing and labor data later today. 

 

As of 06:05 GMT, USD/JPY shed 0.40% to 113.22, with an intraday high at 113.68, and a low at 113.21. 

 

Earlier Japanese data showed retail sales rose 1.2% according to the seasonally adjusted reading, compared to a 0.2% dip in September, while on a yearly basis, sales rose 3.5%, up from 2.2% and beating estimates of 2.7%. 

 

Now investors await US data on personal income, expected with a 0.4% increase last month, while personal income is also expected with a 0.4% increase, up from 0.2% in September. 

 

US unemployment claims for the ending November 24 are estimated to have slipped to 221 thousand, while continuing claims are expected with a 3K increase to 1.671 million in the week ending November 17. 

 

US pending home sales are estimated with a monthly 0.8% increase, and a yearly 2.8% drop, compared to a 3.4% drop in September.

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