Yen plumbs nine-week low against dollar

Dollar rose to July 19 highs against yen on track for the second weekly profit in a row, following earlier inflation data from Japan and ahead of US manufacturing and services data. 

As of 06:08 GMT, USD/JPY rose 0.24% to 112.76, with an intraday low at 112.43, and a nine-week high at 112.77. 

Earlier Japanese data showed national core consumer prices, excluding fresh food, rose 1.3% y/y, up from 0.9% in July and beating estimates of 1.1%, while excluding fuel, prices rose 0.9% as expected. 

Flash manufacturing PMI rose to 52.9 from 52.5 in August, missing estimates of 53.1, while an overarching index tracking the activities of all industries in Japan was unchanged in July, compared to a 0.9% drop in June, while analysts expected a 0.2% increase. 

Now investors await US data on flash manufacturing and services PMIs, with the first estimated at 55.1, up from 54.7, while the second is also expected with an increase to 54.9 from 54.8.