Japanese Yen Gets Boost from Economic Data

The Japanese yen gained against its major rivals today, boosted by mostly favorable domestic reports and geopolitical tensions around the world.

Bank lending increased by 3.0% in September from a year ago, exceeding analysts’ expectations. The Producer Price Index rose by 3.0% in September from the previous year and 0.2% from the previous month. Seasonally adjusted indices of tertiary industry activity provided the only negative reading today, showing a drop by 0.2% in August from the previous month instead of an increase by 0.1% promised by analysts.

USD/JPY declined from 112.48 to 112.25 as of 11:19 GMT today. GBP/JPY tumbled from 148.71 to 147.52.

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