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Japan’s Economic Growth Slows, Yen Retreats from Opening Levels

The Japanese yen opened above Friday’s close today, though by now the currency has retreated against most of its major rivals. Today’s macroeconomic data in Japan showed that economic growth slowed last quarter while other indicators missed expectations.

Japanese Yen Loses Gains Despite Positive Domestic Fundamentals

For a while today, the Japanese yen was one of the strongest currencies on the Forex market, opening sharply higher against its rivals. But by now it has lost gains against all of its major peers despite the positive outlook for Japan’s economy. Domestic macroeconomic data was not especially good, though.

Chinese Yuan Slips Despite Higher Small Business Lending, Upbeat Bankers

The Chinese yuan is falling against several major currency rivals to start the trading week, despite positive economic data that should lift the yuan. The central bank confirmed that small business lending surged in May, leading bankers to be optimistic on the world’s second-largest economy as the second quarter comes to an end. With the US-China trade war still lingering in the background, can Beijing finally turn a corner?

Chinese Yuan Weakens As Stimulus Kicks In

The Chinese yuan is weakening to start the trading week as new economic data suggests that the federal government’s stimulus program may finally be seeping into the economy. On Monday, a couple of new reports and forecasts suggest an improvement for the world’s second-largest economy in recent months after a brutal 2018. With the US-China trade war in its end days, the economy might finally kick into overdrive.

Yen Soft Despite Cautious Market Sentiment, Mixed Data Doesn’t Help

The Japanese yen was soft today, failing to profit from its role as a safe haven, even as investors were nervous after the International Monetary Fund downgraded the global growth outlook and the United States showed willingness to enter a trade war with the European Union. Mixed domestic macroeconomic data did not help the currency.

Pound Shows Weakness Despite Supportive Domestic Data

The Great Britain pound attempted to rally today but failed. Currently, the sterling trades at the opening level against some rivals and fell far below it versus others. Thursday’s macroeconomic data was generally positive, but that did not help the currency.

Japanese Yen Recovers After Intraday Losses

The Japanese yen fell during the Thursday trading session but has managed to trim its losses against some rivals and erase them outright versus other by now.

Sterling Pound Declines on Weak UK Manufacturing PMI

The Sterling pound today declined significantly against the US dollar following the release of the Markit/CIPS UK Manufacturing PMI in the early European session. The pound’s decline was further accelerated by the US dollar’s recovery as it extended its gains at the start of the new month.

Japanese Yen Firm Despite Mixed Data, Positive Market Sentiment

The Japanese yen rallied against its most-traded rivals today despite mixed domestic macroeconomic data and the positive general market sentiment.

Japanese Yen Gets Boost from Economic Data

The Japanese yen gained against its major rivals today, boosted by mostly favorable domestic reports and geopolitical tensions around the world.

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