USD/JPY declines to two-week trough after BoJ decisions

Economies.com
2021-01-21 05:57AM UTC

USD/JPY tilted lower in Asian trade away from December 10 highs for the fifth session out of nine, following earlier data and policy decisions from Japan.

 

As of 06:53 GMT, USD/JPY fell 0.15% to 103.38, with the lowest since January 7 at 103.33. 

 

From Japan, the trade surplus rose to 751 billion yen from 367 billion in November, missing estimates of 943 billion.

 

Japan's exports rose 2% in December, while imports tumbled 11.6% last month, as analysts expected a 14% drop. 

 

Bank of Japan's policymakers voted to maintain rates at negative 0.10% as expected while pledging to keep 10-year government yields at zero.

 

From the US, unemployment claims for the week ending January 14 are expected down 35K to 930K, while continuing claims for the previous week are estimated up 129K to 5.4 million.

 

US building permits are expected down to 1.6 million units in December, while housing starts are expected up to 1.56 million.

 

US Philly manufacturing index is expected up to 11.2 from 11.1 in December.

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