The Japanese yen fell against its most-traded peers during the current trading session despite the solid manufacturing report, which showed that the expansion of the sector was the fastest in several years.
The headline Nikkei Japan Manufacturing Purchasing Managers’ Index edged up from 53.6 in November to 54.0 in December according to the final estimate. While the reading was a bit lower than the preliminary reading and the consensus forecast of 54.2, it was still the highest level since February 2014. But that did not help the yen to avoid losses.
USD/JPY rose from 112.50 to 112.72 as of 13:17 GMT today. EUR/JPY rallied from 135.16 to 135.96, trading at the highest level since October 2015.
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