Yen gives up early revenues on slightly poor PPI

Yen gives up early revenues on slightly poor PPI

On Wednesday, the Japanese yen gave up early revenues in Asia after producer prices turned to be a bit below expectations.

The currency pair USD/JPY hit 110.09, sliding 0.05%, AUD/USD reached 0.8024, leaping 0.05%

Safe-haven demand kept fading notwithstanding North Korea threatening America with the "greatest pain" it has ever faced reacting to fresh sanctions imposed by the UN. The greenback contributed to recent revenues versus both the Japanese yen and Swiss franc.

The overall outlook for the US currency is still bearish because market participants ramped up short bets versus the evergreen buck to a nearly 5-year maximum the previous week, as data from Commodity Futures Trading Commission states.

The British pound grew to its highest value in 2017 versus the greenback, reaching $1.3288 amid inflation data, which topped expectations.

In August, inflation, as gauged by the consumer price index, inched up to 2.9% year on year, jumping from 2.6% last month.




Greenback dives to day’s minimums versus yen

On Tuesday, the evergreen buck went down to the day’s minimums versus the Japanese yen, reversing earlier revenues, which emerged right after the head of the BOJ told it remained committed to today’s monetary easing and the bank wasn’t braced for scaling…


Japan real wages surge is slowest in almost two years

Japan's March real wages went down at the fastest pace in nearly two years, weighed by minor nominal pay lifts as well as a moderate ascend in consumer prices, thus posing a setback for Prime Minister Shinzo Abe's tries to revitalize the Japanese…

promotions you can be interested in

Deposit with your local payment systems


A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera