The US Census Bureau will announce Core Retail Sales and Retail Sales on Tuesday, May 17 at 15:30 MT.
USD/JPY is off five-month minimum
On Tuesday, the evergreen buck drifted away from five-month minimum vs. the Japanese yen, with comments from American Treasury Secretary Steven Mnuchin as well as higher debt yields providing the bruised greenback with some breathing space.
The major American currency was capped by nervousness as for Tuesday's economic dialogue between the United States as well as Japan. Lingering concerns regarding North Korea as well as the coming French presidential elections also kept a lid on the greenback against the safe-haven yen.
Mnuchin informed the Financial Times that he absolutely agreed with American President Donald Trump's view that the greenback’s strength was hurting exports in the short term, though he considered the currency's strength over the long term to be quite positive.
The US dollar contributed to overnight revenues and gained 0.1%, hitting 109.040 yen, having edged up briefly to 109.225.
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.
The Bank of England will publish its Monetary Policy Report and Summary, Official Bank Rate, and its votes on May 5 at 14:00 MT.
The Reserve Bank of New Zealand will publish a monetary policy report and make an update on the interest rate on May 25, at 05:00 GMT+3.
The Australian Bureau of Statistics will announce the updated Unemployment Rate and Employment Change data on Thursday, May 19, at 04:30 MT.
The UK Office for National Statistics will publish Consumer Price Index (CPI) data on Wednesday, May 18, at 09:00 MT.