Yen falls on weak economic data

Economies.com
2020-10-01 21:09PM UTC

The Japanese slipped against most major currencies on Thursday, despite a drop in the US dollar and weak Japanese data.

 

Japan's manufacturing PMI rose to 47.7 points in September, better than forecasts of holding unchanged at 47.3 points.

 

While Tankan manufacturing index fell to -27 points, and the non-manufacturing index fell to -12 points.

 

Otherwise, Japan alongside other countries are trying to curb the spread of the coronavirus, which has severely impacted the global economy.

 

As of 21:58 GMT, USD/JPY rose 0.1% to 105.5, after hitting a day high of 105.7, and a low of 105.3.

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