The Japanese yen climbed against its major peers today even though macroeconomic data from Japan was mixed, failing to provide a direction for the currency.
On the positive side, the nation’s trade surplus widened from ¥â0.3 trillion in March to ¥â0.43 trillion in April, exceeding analysts’ predictions. On the negative side, the Nikkei Flash Japan Manufacturing Purchasing Managersâ Index fell from 48.2 to 47.6 in May, demonstrating the biggest decline of the manufacturing sector since December 2012. The yen preferred to ignore the negative part of today’s data, rallying against all most-liquid currencies.
USD/JPY dropped from 110.09 to 109.43 as of 11:43 GMT today. EUR/JPY declined from 123.36 to 122.69.
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