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On Friday, the Japanese yen stood still after early revenues, following mixed data on jobs, household spending as well as prices with China manufacturing output coming in on the upside.
The currency pair USD/JPY hit 111.94, jumping 0.01%, AUD/USD reached 0.7647, going up 0.08%. As for GBP/USD, this currency pair added 0.18%, showing 1.2492.
China's semi-official manufacturing PMI inched up to 51.8, as the China Federation of Logistics & Purchasing informed on Friday. The given outcome ruined the expected 51.6 reading.
A bit earlier in Japan, February’s household spending decreased 3.8% year-on-year, compared to a 1.7% decrease observed. However, on a monthly basis it headed north 2.5%, exceeding the expected 0.4% gain.
Separately, for February national core CPI dipped 0.2% year-on-year just as expected. As for unemployment it tumbled from 3% to 2.8%. Additionally, in February, provisional industrial output leapt 2% month-on-month, surpassing the expected 1.2% soar.
On Wednesday, the Japanese yen headed south versus its major peers because investor risk appetite improved during Asia trade, although worries over decelerating global surge and US-China trade clashes will probably cap gains in risky assets…
On Tuesday, the evergreen buck managed to stabilize in Asia because the International Monetary Fund had its 2019 as well as 2020 global surge forecasts cut overnight…
On Monday, crypto assets tumbled due to the fact that the Organization for Economic Cooperation and Development drew attention to the necessity of the global regulation of initial coin offerings…
Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
On Tuesday, the euro tacked on because market participants waited for reports on inflation and growth in the euro zone, while the Japanese yen went down after Japan’s major bank told it would be more flexible in its huge stimulus program…
On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…
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