Yen soars further in Asia on CPI data

Yen soars further in Asia on CPI data

On Friday, the Japanese yen soared in Asia because national consumer prices came in as expected and demonstrated a fourth straight revenues. Meanwhile, the British pound dipped on worries about commodity prices as well as national surveys next month and ahead of long holiday weekend coming up in America, with markets unavailable on Monday due to the Memorial Day holiday.

The currency pair USD/JPY hit 111.56, sliding 0.24%, while AUD/USD reached 0.7427, declining 0.38%. As for GBP/USD, it went down 0.41%, being worth 1.2889.

In Japan, consumer prices tacked on 0.4% for April year-on-year as expected, while national core consumer prices inched up a less than expected 0.3%.

Tracking the greenback’s value versus a trade-weighted basket of six main currencies, the US dollar index ascended 0.07%, being worth 97.21.

The greenback stood above break-even Thursday, driven by bullish initial jobless claims reports, raising hopes that the American economy is going to rebound in the second-quarter, although a widening of the trade balance restricted upside momentum.


Aussie and Kiwi ascend

On Tuesday, the Australian and New Zealand dollars edged up versus their American rival notwithstanding the publication of dismal Australian data because market sentiment on the US currency turned to be vulnerable ahead of the Fed’s last policy gathering…

Greenback is steady with focus on Fed gathering

On Tuesday, the evergreen buck was sturdy enough keeping to two-week maximums against a basket of key currencies, with market participants waiting for the Fed’s policy gathering this week for new catalysts…

Bitcoin futures overleap $18,000

On Monday, the world’s craze for cryptocurrencies entered a fresh chapter as bitcoin futures shockingly ascended by one-fifth of their market value at a closely-monitored launch…


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