Back
17 Apr 2015
USD/JPY jumps to fresh daily highs after US CPI
FXStreet (Córdoba) - USD/JPY received a boost and rose to the 119.00 area, erasing intraday losses, after data showed US CPI rose for second month in a row in March.
The greenback cut losses across the board the release of US consumer price index data. USD/JPY rose more than half a cent and reached a daily high of 119.25, having recovered from a 3-week low of 118.55 scored earlier on the day.
At time of writing, USD/JPY is trading at the 119.20 zone, recording a 0.19% gain so far on Friday, after five consecutive days of losses.
US CPI up 2% in March
US consumer price index (CPI) rose a seasonally adjusted 0.2% in March, matching consensus and last month reading. However, YoY prices declined by 0.1% versus a flat reading expected. Excluding the volatile food and energy categories, so-called core prices climbed 0.2% MoM and 1.8% YoY.
The greenback cut losses across the board the release of US consumer price index data. USD/JPY rose more than half a cent and reached a daily high of 119.25, having recovered from a 3-week low of 118.55 scored earlier on the day.
At time of writing, USD/JPY is trading at the 119.20 zone, recording a 0.19% gain so far on Friday, after five consecutive days of losses.
US CPI up 2% in March
US consumer price index (CPI) rose a seasonally adjusted 0.2% in March, matching consensus and last month reading. However, YoY prices declined by 0.1% versus a flat reading expected. Excluding the volatile food and energy categories, so-called core prices climbed 0.2% MoM and 1.8% YoY.