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Japanese Yen Gets Boost from Economic Data

October 12, 2017 at 11:20 by Vladimir Vyun

Many 10,000-yen notesThe Japanese yen gained against its major rivals today, boosted by mostly favorable domestic reports and geopolitical tensions around the world.

Bank lending increased by 3.0% in September from a year ago, exceeding analysts’ expectations. The Producer Price Index rose by 3.0% in September from the previous year and 0.2% from the previous month. Seasonally adjusted indices of tertiary industry activity provided the only negative reading today, showing a drop by 0.2% in August from the previous month instead of an increase by 0.1% promised by analysts.

USD/JPY declined from 112.48 to 112.25 as of 11:19 GMT today. GBP/JPY tumbled from 148.71 to 147.52.

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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