USD/JPY stalled above 98.00
FXstreet.com (Chicago) – USD/JPY continues trending sideways after bouncing off 97.88 lows. Both in Japan and the US lots of official data were released. The dollar trades stronger while markets remain down Syrian outlook.
Last night in Japan, industrial production was 1.6% s. previous -4.6% (YoY). The unemployment rate was 3.8% vs. expected and past 3.9%. The National CPI ex food, energy (YoY) was 0.7% vs. past 0.2% while the Nomura/ JMMA Manufacturing Purchasing manager index for August was 52.2 vs. past 50.7. Housing starts (YoY) was 12% vs. expected 14.5% and past 15.3%. Construction orders were 13.7% vs. …read more