Yen rebounds from two-month low against dollar

Economies.com
2018-09-20 05:53AM UTC

Dollar tilted lower in Asian trade today against yen, falling off July 20 highs ahead of US housing and labor data and amid a lack thereof from Japan. 

 

As of 05:52 GMT, USD/JPY shed 0.08% to 112.19, with an intraday low at 112.07, and a high at 112.34. 

 

Now investors await US unemployment claims data for the week ending September 15, expected to increase to 210 thousand from 204K in the previous reading, while continuing claims are estimated at 1.705 million in the week ending September 8, up from 1.696 million.

 

The Philly Manufacturing Index is estimated at 17.5 in September, up sharply from 11.9, while existing home sales are expected with a 0.8% increase to 5.38 million units in August. 

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