OctaFX | OctaFX Forex Broker
Open trading account

USD/JPY plummets to 1-month lows after US data

FXStreet (Córdoba) - USD/JPY broke below 106.85 and tumbled to 106.34, reaching the lowest price since September 10 after the release of weak economic data from the US. The pair remains near the lows as Greenback plunges across the board.

Weak data favors JPY

Recent data showed that retail sales decline 0.3% in September; a bigger slide than the -0.1% expected; it was the first fall since January. Regarding inflation, the Producer Price Index fell 0.1% in September. The Empire Manufacturing index from the New York Fed tumbled from 21.50 to 6.17 in October.

Stocks in Europe dropped further after the data while US bonds yields continue to decline, boosting the yen in the currency market.

EUR/USD surpassed 1.2700 on US data

Poor results from the US Retail Sales are now boosting EUR/USD back above the 1.2700 handle...
Read more Previous

GBP/USD rises above 1.5950 after US data

GBP/USD edged higher and printed fresh daily highs after a series of dismal economic data out from the US.
Read more Next
Start livechat