Yen dithers as Asian stocks rise

2018-02-13 10:12:24 GMT (Economies.com)
Yen dithers as Asian stocks rise

Yen traded near Monday highs against the dollar, while still dithering after Japanese stocks rebounded today from multiple lows. 

 

USD/JPY last traded at 108.69, near the opening of 108.77, with an intraday low at 108.60, and a high at 108.77. 

 

Japanese and Asian stocks rebounded from two-month lows today after Wall Street's strong recovery on Monday. 

 

The recovery in stocks would slash demand on yen as a safe haven, in turn blunting the Japanese currency's momentum after climbing on the dollar yesterday. 

 

Dollar continues its sideways trading for the second session ahead of crucial US inflation data to have clues on the future of consumer prices and Fed interest rates. 

 
 
 
  Symbol Last Change Chg.%
1.1466
-0.0056
0.4847%
1.2993
-0.0079
0.6070%
14.688
0.054
0.372%
69.004
-0.277
0.399%
79.32
-0.50
0.63%
1231.320
4.615
0.376%
 
 
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