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ForexLive Asia-Pacific FX news wrap: USD/JPY ticks up towards 156.50

USD/JPY
approached, but didn’t get to, 156.50
during Tokyo morning trade. The
climb was slow and steady. It’s the rapid moves Japanese
authorities are more concerned about. Nevertheless, we did get some
jawboning from
Japan’s finance minister Suzuki. His
comments were of the usual variety, with nothing too threatening. As
such they had little impact.

From
Japan also today were PPI data. This came in as expected for the m/m
rise but slightly higher than expected for the y/y.

News
and data flow otherwise was light and barely impactful.

Across
major FX the US dollar is up a few tics. CAD, NZD and AUD are notably
lower.

Oil
is down small. Gold rallied a few dollars.

This article was written by Eamonn Sheridan at www.forexlive.com.

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