Dollar rebounds from 8-month low against Japanese yen

US dollar rose against Japanese yen today, to bounce in the 5th session of 8 from its lowest since January 3, with a lack of economic data from the Japanese economy and ahead of key economic data releases expected today the US economy.

As of 06:03 GMT, USD/JPY rose by 0.25% to 106.50, from the opening of 106.23 (their lowest today), with a high of 106.55.

Investors are anticipating from the US economy to release major housing market data, with the reading of the Existing Home Sales, which is expected to rise by 2.5% to 5.41 million homes vs. a fall by 1.7% to 5.27 million in May, in addition to the release of the Fed's July meeting minutes.

The markets are also anticipating the launch of the US Federal Reserve's Jackson Hole Economic Symposium by next Thursday, which will be attended by global central bankers and finance ministers as well as academics and financial market participants from around the world, while on Friday Fed's Chair, Jerome Powell, will deliver a speech titled "Challenges of Monetary Policy".