Market Commentary and Intraday News

Yen Holds Steady Ahead Of CPI And Retail Trade Reports

302 days ago

(RTTNews) - Japan is scheduled to release June figures for retail sales and inflation in early Asian trading on Friday. Retail sales are expected to add 0.2 percent on month but fall 1.6 percent on year after rising 0.7 percent on month and falling an upwardly revised 0.8 percent on year in May.

Inflation and core CPI are both called flat on year; Overall inflation was up 0.2 percent in the previous month, while core CPI was down 9.1 percent.

Ahead of reports, the yen held steady against major currencies and as of now trading near 78.25 against the US dollar, 96.10 versus the euro, 80.04 against the Swiss franc and 122.77 versus the British pound.

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