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Trading news
17 Apr 2015
USD/JPY fails to sustain gains
FXStreet (Córdoba) - USD/JPY eased from daily highs and briefly dropped below the 119.00 level following the latest string of mixed US data data.
The Reuters/Michigan Consumer Sentiment Index rose to 95.9 in April, according to the preliminary estimate, beating expectations of 94. However, the CB leading index rose 0.2% in March, below the 0.3% expected, with the weakest component being building permits.
USD/JPY dropped to a session low of 118.90 before finding support. The pair had scored a daily high of 119.25 underpinned by US CPI data but the dollar was unable to keep the buying interest for long. At time of writing, dollar-yen is trading at 119.03, virtually unchanged on the day.
The Reuters/Michigan Consumer Sentiment Index rose to 95.9 in April, according to the preliminary estimate, beating expectations of 94. However, the CB leading index rose 0.2% in March, below the 0.3% expected, with the weakest component being building permits.
USD/JPY dropped to a session low of 118.90 before finding support. The pair had scored a daily high of 119.25 underpinned by US CPI data but the dollar was unable to keep the buying interest for long. At time of writing, dollar-yen is trading at 119.03, virtually unchanged on the day.