Yen off week lows versus dollar in Asia

Economies.com
2018-10-18 06:20AM UTC

Dollar tilted lower against yen away from October 10 highs, following earlier data from Japan and ahead of US labor data later today. 

 

As of 06:18 GMT, USD/JPY inched down 0.15% to 112.48, with an intraday low at 112.45, and the highest in a week at 112.73. 

 

Earlier Japanese data showed the trade surplus widened to 140 billion yen, compared to a deficit of 445 billion in August, while analysts expected a 45B deficit. 

 

Now markets await the US Philly Manufacturing Index, expected to decrease to 19.7 from 22.9, while unemployment claims for the week ending October 13 are estimated to have fallen by 4 thousand to 210 thousand. 

 

Continuing claims for the week ending October 6 are expected to have risen by 6 thousand to 1.668 million, while the CB leading index is estimated with a 0.5% increase, up from 0.4% in August. 

 

Otherwise, Federal Reserve Governor Randal Quarles is due to speak about the economic outlook at the Economic Club of New York luncheon later today.

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