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Japanese Yen strengthens as Tokyo core CPI inflation bolsters BoJ rate hike chance
The USD/JPY pair declines to around 159.30 during the early Asian session on Friday. The Japanese Yen (JPY) strengthens against the US Dollar (USD) as Japanâs Tokyo Consumer Price Index (CPI) inflation data strengthens the case for a September Bank of Japan (BoJ) rate hike.
Japan Tokyo CPI ex Fresh Food (YoY) above forecasts (1.7%) in August: Actual (1.8%)
Japan Tokyo CPI ex Fresh Food (YoY) above forecasts (1.7%) in August: Actual (1.8%)
Japan Tokyo CPI ex Food, Energy (YoY): 2% (August)
Japan Tokyo CPI ex Food, Energy (YoY): 2% (August)
1.9%: Japanâs Tokyo CPI inflation rises in August
The headline Tokyo Consumer Price Index (CPI) for August rose 1.9% YoY as compared to 1.8% in the previous month, the Statistics Bureau of Japan showed on Friday.
Japan Tokyo Consumer Price Index (YoY): 1.9% (August) vs previous 2%
Japan Tokyo Consumer Price Index (YoY): 1.9% (August) vs previous 2%
Japan Unemployment Rate came in at 2.4%, below expectations (2.5%) in July
Japan Unemployment Rate came in at 2.4%, below expectations (2.5%) in July
Japan Jobs / Applicants Ratio came in at 1.18, below expectations (1.19) in July
Japan Jobs / Applicants Ratio came in at 1.18, below expectations (1.19) in July
Euro holds modest bid above 1.1650 ahead of Jackson Hole Symposium
The EUR/USD pair posts modest gains near 1.1655 during the early Asian session on Friday. Markets might turn cautious later in the day as Federal Reserve (Fed) Chairman Kevin Warsh is set to deliver his much-awaited keynote address in Jackson Hole.Â
Ireland Consumer Confidence: 63.2 (August) vs 61.6
Ireland Consumer Confidence: 63.2 (August) vs 61.6
The Australian Dollar is inches away from generational highs against the Yen
AUD/JPY traded close to 114.75 on Thursday, ahead 0.36% on the session, with a high that stops nineteen pips beneath a ceiling the pair has not traded above since September 7, 1990.
Australian Dollar hits three-month peak on risk-on mood, eyes on Warsh
The Aussie Dollar climbed to a three-month high of 0.7198 on Thursday, even though the US Dollar steadied on solid jobs data and hawkish comments by Federal Reserve officials. The AUD/USD trades at 0.7194, up 0.34%.
The Japanese Yen gets its hike whatever Tokyo CPI prints
USD/JPY holds just beneath 159.50 on Thursday, ahead 0.05% across a range of forty-two pips, a fifth consecutive session of grinding higher without getting anywhere.
China: Beijing balances tariff pushback and dialogue â BNY
Geoff Yu at BNY reports that China is opposing potential new U.S. Section 301 tariffs while keeping communication channels open. Beijing has threatened ânecessary measuresâ in response to additional duties but continues high-level engagement ahead of a possible TrumpâXi summit.