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Japanese Yen Shows No Discernible Trend After Mixed Data

February 21, 2017 at 12:19 by Vladimir Vyun

Many 10,000-yen notesThe Japanese yen demonstrated a mixed performance today, rising against some currencies and falling against others, after the release of macroeconomic data, which was mixed as well.

On the positive side, the Nikkei Flash Japan Manufacturing Purchasing Managers’ Index climbed from 52.7 in January to 53.5 in February. Not only it was a better reading than the predicted drop to 52.1, but it was also the highest level since March 2014. On the negative side, the Indices for All Industry Activity fell 0.3% in December.

USD/JPY rose from 113.07 to 113.62 as of 12:07 GMT today. EUR/JPY dropped from 120.01 to 119.71 after reaching the daily high of 120.31.

If you have any questions, comments, or opinions regarding the Japanese Yen, feel free to post them using the commentary form below.

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