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.


Again? Will the Fed Increase the Rate?
Again? Will the Fed Increase the Rate?

The Federal Open Market Committee (FOMC) will update the Federal Funds Rate and make a statement about future monetary policy on July 27 at 21:00 MT.

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USD Moves Weird Ahead of CPI
USD Moves Weird Ahead of CPI

The United States will publish the Inflation Rate and Core Inflation Rate, also known as US CPI and Core CPI, on August 10 at 15:30 GMT+3.

The NFP Release: One More Punch for USD?
The NFP Release: One More Punch for USD?

The United States Bureau of Labor Statistics will release monthly average hourly earnings, non-farm employment change (NFP), and unemployment rate on August 5, 15:30 GMT+3.

The UK Speeds Up Tightening
The UK Speeds Up Tightening

The Bank of England (BoE) will share its Official Bank Rate and make a statement on monetary policy on August 4, 14:00 GMT+3.

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