Yen holds slight revenue

16 September, 2016

Yen holds slight revenue

On Friday, the Japanese yen managed to retrace its early revenues in Asia in a light regional data day with major bank gatherings in America and Japan next week holding attention.

The currency pair USD/JPYВВ traded at 102.07, tumbling 0.02%, whileВВ AUD/USDВВ was worth 0.7522, rising 0.04%.

TheВВ US dollar index, evaluating the greenback’s strength against six major currencies, tacked on 0.02%, reaching 95.30.

Overnight, the greenback was little changed against the other major key currencies after dismal American retail sales data dampened hopes for a rate lift by the Federal Reserve in the nearer months.

The Commerce Department reported that in August American retail sales edged down 0.3%, which is worse than expectations for a 0.1% sink. It turned to be the first sag for five months.

Additionally, in a separate report, the Department of Labor informed that the overall number of Americans filing for unemployment benefits ascended less than expected the previous week, thus pointing to further tightening in the labor market.


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