Yen loses ground against dollar in Asia

Economies.com
2018-10-22 06:11AM UTC

Yen tilted lower against the dollar in Asian trade away from September 13 highs, following earlier data from Japan and amid a lack thereof from the US today. 

 

As of 06:04 GMT, USD/JPY rose 0.10% to 112.60, with an intraday high at 112.67, and a low at 112.35. 

 

An index tracking industrial activities in Japan rose 0.5% in August, compared to a 0.2% dip in July and beating estimates of a 0.4% increase.

 

Bank of Japan Governor Haruhiko Kuroda said in earlier remarks that it's likely for inflation to climb towards 2% gradually, while noting that exports, the mainstay of Japan's economy, continue to improve. 

 

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