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.


US Dollar index keeps edging up on American upbeat mood

On Friday, the evergreen buck kept tacking on versus other key currencies after the minutes of the Fed’s latest policy gathering along with Thursday’s upbeat data powered optimism as for the strength of the American economy…

Evergreen buck is at 1-1/2 week maximums on Fed minutes

On Thursday, the main US currency was seen at one-and-a-half week maximums versus a group of key rivals, following overnight revenues after minutes of the Fed’s January gathering underlined hopes for faster lifts in American interest rates…


EU shares mostly inch down

On Friday, EU shares mostly traded lower because markets were busy with digesting comments by ECB President Mario Drgahi…

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