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USDJPY Flat On The Day As Remains Above 144

JPY

USDJPY continues to trade above 144 on policy divergence and is currently down slightly on the day at 144.43, after reaching a low earlier of 144.14. The USD index is 0.1% higher.

  • EURJPY is 0.2% lower and currently around 157.31, close to the intraday low. It peaked this week at 158 on Wednesday. AUDJPY is flat at 95.40 and well below Monday’s levels.
  • Vice finance minister Kanda said that Japan wants to create a FX swap with South Korea ahead of talks.
  • Retail sales rose a stronger than expected 1.3% m/m to be up 5.7% y/y in May.
  • Equity markets in the region are mixed with the Nikkei up 0.5% but Hang Seng down 1.4%. S&P e-minis are 0.1% higher.
  • Later today Fed Chair Powell takes part in a discussion at the Bank of Spain and Bostic speaks on the US economic outlook. On the data front revised Q1 US GDP, jobless claims, pending home sales and euro area economic sentiment print.
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