financetom
News
financetom
/
News
/
Yen ekes out gains after GDP data
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Yen ekes out gains after GDP data
Jun 9, 2025 2:24 PM

The yen rose against most major rivals on Monday following a batch of positive data.

Japans GDP was unchanged in the first quarter, beating estimates of a 0.2% contraction.

Lending by Japanese banks rose 2.4% last month, slightly above estimates.

On trading, the dollar fell 0.2% against the yen as of 20:23 GMT to 144.5.

Aussie

The Australian dollar rose 0.5% against its US counterpart as of 20:39 GMT to $0.6525.

US Dollar

The dollar index fell 0.2% as of 18:07 GMT to 98.9, with a session-high at 99.2, and a low at 98.8.

High-level talks between US and Chinese officials commenced today in London, with the hopes of reaching some sort of an initial agreement on tariffs and trade.

Markets also closed await US consumer prices data later on Wednesday, followed by producer prices data on Friday to gather more clues on the path ahead for the Feds interest rates.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
IG Retail Sentiment Report: AUD/USD and USD/JPY after Aussie CPI, BoJ Comments
IG Retail Sentiment Report: AUD/USD and USD/JPY after Aussie CPI, BoJ Comments
Aug 29, 2024
Aussie Inflation Data Remains Mixed as Electricity Rebate Artificially Lowers CPI Australian inflation rose at an annual pace of 3.5% in July, down from 3.8% in June according to the Australian Bureau of Statistics. The data point was slightly above the 3.4% estimate and while it looks encouraging at face value, much of the drop was due to rebates for...
Euro rebounds ahead of major eurozone data
Euro rebounds ahead of major eurozone data
Oct 27, 2024
The euro rose in European trade on Thursday against a basket of major rivals after a wave of losses across three sessions, with the euro eventually settling above 3-⅕ month lows against the US dollar. It comes ahead of major data on the eurozone sectors later today, which would shed important light on the health of the European economy in...
Yen skids to three-month low as the gap in treasury yields widens
Yen skids to three-month low as the gap in treasury yields widens
Oct 26, 2024
The yen fell in European trade on Wednesday against a basket of major rivals, sharpening the losses for the third straight session against the US dollar and hitting three-month lows amid concerns about a wider US-Japan gap in government treasury yields. Recent bearish remarks from Japanese officials hurt the odds of a third BOJ interest rate hike this year, while...
US dollar heads for fresh weekly profit
US dollar heads for fresh weekly profit
Oct 26, 2024
The US dollar rose in European trade on Friday against a basket of major rivals, resuming gains after a short hiatus, and approaching three-month highs once more. The gains come amid a surge in US 10-year treasury yields after bullish remarks from some Fed officials, and strong US data, which hurt the odds of an aggressive pace for US interest...
Copyright 2023-2025 - www.financetom.com All Rights Reserved