Yen Weaker After Release of Mixed Economic Indicators

The Japanese yen was weaker today after the release of mixed economic data from Japan.
On the positive side, household spending rose 1.2% in February from a year ago while analysts had predicted a drop by 1.8%. On the negative side, the unemployment rate rose unexpectedly from 3.2% to 3.3% last month. Retail sales were up 0.5% in February 2016 from February 2015, about three times below forecasts.
USD/JPY rose from 113.44 to 113.61 as of 11:39 GMT today. EUR/JPY was up from 126.99 to 127.23.

If you have any questions, comments or opinions regarding the Japanese Yen,
feel free to post them using the commentary form below.

Leave a Reply

Your email address will not be published. Required fields are marked *

− one = 2