Forex

Yen steadies against dollar following data

2019-02-08 20:47:15 GMT (Economies.com)

Yen steadied today against dollar amid market uncertainty and after mixed data from Japan. 

 

Japan's average wages rose to 1.8%, while bank lending steadied at 2.1% in growth, as household spending fell 0.1%. 

 

US-China trade concerns had the biggest impact on global markets, especially so Japan and South East Asian markets in general. 

 

White House advisor Larry Kudlow revealed that the gap is wider than expected between America and China, especially when it comes to protecting intellectual property. 

 

As of 18:38 GMT, USD/JPY settled at 109.7, with an intraday high at 109.9, and a low at 109.6. 

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