Yen declines for first session in seven versus dollar

2018-10-12 11:21:02 GMT (Economies.com)
Yen declines for first session in seven versus dollar

Dollar rose in Asian trade against yen on track to snap the longest losing streak since early 2018, following earlier data from Japan and ahead of US inflation data, while markets await the G20 meeting for finance ministers in Bali.

 

As of 05:44 GMT, USD/JPY rose 0.21% to 11.239, with an intraday high at 112.43, and a low at 112.01. 

 

Earlier Japanese data showed the M2 money supply rose 2.8%, compared to August's 2.9% increase, while the tertiary industrial index rose 0.5%, beating estimates of 0.3%. 

 

Japanese finance minister Taro Aso said the global economy is still based on strong foundations, asserting the government is monitoring markets and the exchange rate closely. 

 

Now investors await US imports prices data, expected with a 0.3% monthly increase in September, compared to a 0.6% dip in August, while expected with a 3.1% yearly increase, down from 3.7%. 

 

The UoM consumer sentiment survey is expected to increase to 100.4 from 100.1 in September. 

 
 
 
  Symbol Last Change Chg.%
1.1480
-0.0042
0.3650%
1.2996
-0.0076
0.5787%
14.758
0.125
0.854%
66.190
-3.091
4.462%
76.37
-3.46
4.33%
1231.705
5.000
0.408%
 
 
Live Forex Updates