Japanese yen gains in Asia
During Monday’s Asia trade, the Japanese yen reversed its recent weakness and managed to grab revenues, with markets watching for the BOJ’s intervention.
The currency pair USD/JPY traded at 107.95, showing a 0.14% decrease, while AUD/USD edged up 0.11% at 0.7564.
Meanwhile, in China March consumer prices tumbled 0.4%, compared to the expected monthly 0.3% sag and the 2.3% year-on-year surge, which is less than the expected 2.5%.
In Japan February’s core machinery orders edged down 0.7%, less than the 2.7% year-on-year sag. Then, in Australia February’s home loans grew 1.5%, compared to the expected 2% revenue.
The greenback index, evaluating its strength against six key currencies, traded at 94.10, edging down 0.13%.
Next week, market participants are going to pay more attention to inflation posts from the EU, US and China for further indications that the major banks’ stimulus has really helped to boost price growth.
Data for China’s first quarter growth released on Friday will be considered too amid ongoing worries over China’s struggling economy.