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Japanese Yen Third Strongest Currency on Friday

February 23, 2018 at 14:09 by Vladimir Vyun

1,000 yenThe Japanese yen was generally strong today, rising against the euro and various other most-traded peers, but was unable to beat the US dollar and the Great Britain pound.

Japan’s economic data released today was mixed. The core Consumer Price Index rose 0.9% in January from a year ago, the same as in the previous month, while experts had expected a bit smaller increase by 0.8%. The Services Producer Price Index rose 0.7% in January from the previous year, whereas specialists were counting on the same 0.8% rate of growth as in December.

USD/JPY was little changed at 106.75 as of 14:04 GMT today after rising to the high of 107.12 earlier. EUR/JPY declined from 131.60 to 131.32, trading near the lowest level since November 23.

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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