Yen goes down in Asia

On Friday, during Asia trade, the Japanese yen went down, notwithstanding consumer prices for April somewhat better than supposed on the core measure. Traders are currently awaiting comments from Janet Yellen, Fed Chair as for rates following a drumbeat of policy makers, who suggest a lift as early as during the June gathering.       

The currency pair USD/JPY surged 0.13%, trading at 109.91. Meanwhile, AUD/USD dipped 0.01%, being worth 0.7225.

Japanese national CPI for April sank  0.3% along with the 0.3% descend year-on-year. As for national core CPI, it also sagged 0.3%, quite below the predicted 0.4% fall year-on-year. 

Consumer prices are still under substantial pressure from lower goods prices. It’s because food companies along with restaurant chains don’t hurry to raise their prices at the beginning of fiscal 2016.    

The U.S. dollar index, normally measuring the US dollar’s power against six major currencies, dared to rise 0.05%, trading at 95.19.

Overnight, the evergreen buck sagged to its one-week minimum against other key currencies because traders kept locking in their revenues from the greenback’s recent soar to two-month peaks.     

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