Forex

Yen rebounds from year nadir versus dollar in Asia

2018-10-11 10:03:47 GMT (Economies.com)

Dollar tilted lower against yen away from November 2017 highs for the sixth straight session, following earlier producer prices data from Japan and ahead of US inflation data later today, while markets await the G20 meeting for finance ministers in Bali, expected to include discussions on global growth and trade. 

 

As of 05:58 GMT, USD/JPY shed 0.11% to 112.15, with an intraday high at 112.31, and the lowest since September 18 at 111.97. 

 

Earlier Japanese data showed producer prices rose 0.3% in September, compared to no change in August, while on a yearly basis, prices rose 3.0%, beating estimates of 2.9%. 

 

Now investors await US consumer prices data, expected with a 0.2% increase, while analysts expect a 2.4% yearly increase, slowing down from 2.7% in August. 

 

Core prices are estimated with a 0.2% increase, up from 0.1% in August, while analysts expect a 2.3% yearly increase, up from 2.2%, as unemployment claims are estimated to have increased 3 thousand last week to 210K. 

More News

Risk Disclaimer : MetaPlace Limited would like to remind you that the data provided in this site is not necessarily in real time or accurate. All stock prices, indices, futures and foreign exchange rates are not provided by exchanges but by market makers, so prices may not be accurate, may differ from the price of the actual market, which means that the quotes represent an indication and are not suitable for commercial purposes. Therefore MetaPlace Limited does not assume any responsibility for any business losses that may be incurred as a result of the use of this data.