Yen heads for third weekly loss in four versus greenback

Economies.com
2018-12-14 06:33AM UTC

Yen tilted higher in American trade against the dollar while still on track for the third weekly loss in four, following a stream of data from Japan and ahead of US industrial, services data later today. 

 

As of 06:26 GMT, USD/JPY shed 0.11% to 113.51, with an intraday low at 113.43, and a high at 113.66. 

 

Earlier Japanese data showed a key index tracking the manufacturing sector steadied at 19, while another tracking services rose to 24 from 22. 

 

The manufacturing PMI rose to 52.4 from 51.8 in November, while industrial output rose 2.9%, compared to a 0.4% drop in September. 

 

Now investors await retail sales data, expected with a 0.2% increase in November, slowing down from 0.7% in October, while core sales are estimated with a 0.1% addition, slowing down as well to 0.8%. 

 

Industrial output is expected with a 0.3% increase, accelerating from 0.1%, while the capacity utilization rate is estimated to be up to 78.6% from 78.4%. 

 

The manufacturing PMI is estimated to be down to 55.1 from 55.3 in November, while the services PMI are expected with no change at 54.7. 

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