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Yen ekes out gains after GDP data
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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.

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