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US: PPI (Jul) rose 0.3% MoM

FXStreet (Edinburgh) - The Labour Department reported that Producer Prices rose 0.1% MoM during July, matching expectations albeit down from June’s 0.4% advance. Over the last twelve months, prices rose 1.7%. Ex food and energy, prices rose 0.2% inter-month and 1.6% YoY.

United States Producer Price Index ex Food & Energy (YoY) in line with expectations (1.6%) in July

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USD/JPY jumps to 10-day highs at 102.70

The USD/JPY advanced 20 pips post-US data from 102.55 area to break above 102.60 and to trade at highs since August 5 at 102.73.
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