The Yen stopped growing. Overview for 26.04.2019
On Friday morning, USDJPY slowed down its decline and reached stability.
The Japanese Yen stopped rising against the USD on Friday. The current quote for the instrument is 111.68.
In the morning, Japan published several interesting reports. First of all, it was the Tokyo Core CPI, which was 1.3% y/y in April after being 1.1% y/y the month before. This is the leading indicator and it’s very positive.
Secondly, the Retail Sales, which added 1.0% y/y, which is better than expected. The Housing Starts skyrocketed by 10.0% y/y in April after adding 4.2% y/y in March and against the expected reading of +5.6% y/y.
However, not everything was so good. The preliminary report on the Industrial Production in March showed -0.9% m/m after being +0.7% in the previous month. Probably, it happened due to external demand reduction. Apart from this, the Unemployment Rate went from 2.3% to 2.5%.
As a result, the Yen retreated against the USD this morning, although it was significantly rising yesterday.
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