Greenback dips versus yen In Asia as NKorea tensions revive

Greenback dips versus yen In Asia as NKorea tensions revive

On Tuesday, the evergreen buck sank versus the Japanese yen because key bank minutes from Japan demonstrated no surprises, although market participants were still cautious as for tensions on the Korean peninsula, including a recent bunch of threats from Donald Trump.

The currency pair USD/JPY hit 111.62, sliding 0.11%, AUD/USD reached 0.7948, ascending 0.14%. As for EUR/USD, this currency pair grew 0.10% being worth 1.1860.

On Tuesday, the Bank of Japan also issued its monetary policy gathering minutes, which revealed that policymakers are geared up towards sticking with their current policy framework. The minutes also hinted there was solid reason to be optimistic as for consumer prices due to the fact measures of inflation expectations had stopped going down.

Gauging the greenback’s value versus a trade-weighted basket of six key currencies, the US dollar index went down 0.08% trading at 92.37.


The US NFP Update: What to Wait for?
The US NFP Update: What to Wait for?

The US Bureau of Labor Statistics will announce average hourly earnings, nonfarm employment change (NFP), and the unemployment rate on May 6, at 15:30 MT time.

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Can the UK CPI surprise?
Can the UK CPI surprise?

The UK Office for National Statistics will publish Consumer Price Index (CPI) data on Wednesday, May 18, at 09:00 MT.

The US Retail Sales Update
The US Retail Sales Update

The US Census Bureau will announce Core Retail Sales and Retail Sales on Tuesday, May 17 at 15:30 MT.

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