Yen rebounds from 3-week trough against dollar

Economies.com
2018-12-03 06:51AM UTC

Yen tilted higher in Asian trade against the greenback away from three-week lows, following earlier data from Japan and ahead of US data and speeches by several Fed governors later today. 

 

As of 06:43 GMT, USD/JPY shed 0.06% to 113.50, with an intraday low at 113.44, and a high at 113.85. 

 

Earlier Japanese data showed capital spending rose 4.5% y/y, slowing down sharply from 12.8% in the second quarter, while the manufacturing PMI slipped to 52.2 from 52.9 in October. 

 

Now markets await an interview by Federal Reserve Governor Richard Clarida conducted by Bloomberg TV & Radio, while Federal Reserve Governor Randal Quarles is scheduled to speak about the economic outlook and monetary policy at the Council on Foreign Relations, in New York. 

 

Both Federal Reserve Bank of New York President John Williams and Fed Governor Lael Brainard are due to speak at The Evolving Structure of the US Treasury Market conference, hosted by the Federal Reserve Bank of New York.

 

US ISM manufacturing PMI is expected to slip to 57.5 from 57.7, while manufacturing prices are estimated to have slipped to 70.1 from 71.6, as construction spending is expected with a 0.4% increase. 

Forex and Currency News

Forex News

Forex

Dollar hovers near six-week high ahead of consumer spending data, Powell's remarks
2024-03-29 11:28AM UTC
Dollar Strengthens Amid Declining Rate Cut Odds The dollar rose in European trade on Friday ...
EUR/USD news

Forex

Euro declines to five-week trough amid thin trading
2024-03-29 08:19AM UTC
Euro Decline Amid Holiday Thin Trading Euro declined in European trade on Friday against a basket ...
Forex News

Forex

Dollar hits six-week high ahead of US growth data
2024-03-28 11:38AM UTC
US Dollar's Rise in European Trade The US dollar rose in European trade on Thursday against a ...

Forex Technical Analysis

Technical Analysis

Forex

The NZDCAD moves to the bearish track – Forecast today – 29-3-2024
2024-03-29 06:18AM UTC
NZDCAD Pair Forecast for Today - 29-3-2024 The NZDCAD pair surrendered to the negative ...
EUR JPY Analysis

Forex

The EURJPY declines below the support – Forecast today – 29-3-2024
2024-03-29 06:13AM UTC
EURJPY Pair Forecast for Today - 29-3-2024 The EURJPY pair surrendered to the negative ...
GBP JPY Analysis

Forex

The GBPJPY has to decline – Forecast today – 29-3-2024
2024-03-29 06:12AM UTC
GBPJPY Pair Forecast for Today - 29-3-2024 The GBPJPY pair still confined with many negative ...