In Asia yen holds revenues on producer prices

In Asia yen holds revenues on producer prices

On Monday, the Japanese yen held profits in Asia because producer prices inched up more than observed. Additionally, safe haven demand on dismal data from China rattled financial markets, while traders were also concerned with a recent North Korean missile test reportedly capable of carrying a relatively large nuclear warhead. Other worries included the potential spread of cyberattacks, which have already affected 200,000 victims in 150 countries.

The currency pair USD/JPY hit 113.36, sliding 0.02%. Besides this, AUD/USD showed 0.7389, soaring 0.16%.

In April, producer prices in Japan added 0.2% month-on-month and also 2.1% year-on-year.

Measuring the major American currency’s actual value versus six crucial currencies, the US dollar index inched up 0.01%, trading at 99.06.

Meanwhile, in Australia, in March home loans data quarter-on-quarter headed south 0.5%, unlike a 0.1% revenue expected.

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