Japanese Yen Soft After CPI Beats Expectations, Manufacturing PMI Misses Forecasts

Jun 22,2019 14:21   Source:Earnforex
The Japanese yen was weak for the most part today despite the better-than-expected inflation print and risk aversion among investors. Meanwhile, Japan’s manufacturing sector unexpectedly continued to contract. The Statistics Bureau reported that the Japan national core Consumer Price Index rose 0.8% in May from a year ago. While it was a little smaller than the April increase of 0.9%, it was a better reading than a 0.7% gain predicted […]

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