CPI misses hopes weighing on Japanese yen

CPI misses hopes weighing on Japanese yen

On Friday, the evergreen buck held strength in Asia because the Japanese yen was affected by weaker than anticipated prices data. Meanwhile, the common currency and sterling dived on tapering and Brexit worries respectively.

The currency pair USD/JPY hit 114.13, soaring 0.14%, AUD/USD reached 0.7659, descending 0.01%. Meanwhile, EUR/USD dropped 0.13% trading at 1.1637, GBP/USD sank 0.24% showing an outcome of 1.3129.

In Japan, September’s national core CPI inched up 0.7%, which is a bit weaker than the 0.8% profit observed on year.

Estimating the greenback’s value against a trade-weighted basket of six crucial currencies, the US dollar index gained 1.09% being worth 94.55.

Overnight, the greenback tacked on versus a basket of key currencies, deriving benefits from a dip in the common currency after ECB Governor Mario Draghi showed that the bond-purchasing program could be potentially extended beyond September next year.

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