Yen is a bit stronger on flood of month-end data

Yen is a bit stronger on flood of month-end data

On Friday, in Asia the Japanese yen leapt moderately, following a storm of data pointed to rather a mixed picture with consumer inflation below expectations and surprisingly ascending retail sales.

The US dollar index, used to track the greenback’s actual value versus six crucial currencies, went up 0.17%, demonstrating 99.02. 

The currency pair USD/JPY dived 0.03%, being worth 111.24 after the data, and AUD/USD got to 0.7468, soaring 0.03%.

Overnight, the greenback strengthened versus crucial currencies, shrugging off the issue of mostly dismal economic data, while the common currency dived, reacting to comments from Mario Draghi, ECB President.

The greenback continued its march up for a second day notwithstanding weaker than expected economic data.

On Thursday, the National Association of Realtors unveiled Pending Home Sales Index sank 0.8%, hitting 111.4.

As for initial claims for state unemployment benefits, they inched up 14,000, getting to a seasonally adjusted 257,000 by April 22, as the Labor Department disclosed on Thursday.

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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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