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Yen Rises With Treasuries as China Inflation Slows


Thursday, 10 January 2019 13:44 WIB

Yen


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The yen and Treasuries gained as disappointing China inflation data revived concerns about the global growth outlook. Dovish minutes from the Federal Reserve weighed on the dollar.

Japan's currency rose against all of its Group-of-10 peers except for the Australian dollar, after a report showed Chinese factory pricesclimbed at the slowest pace in more than two years in December, underscoring the Asian economy's slowing growth momentum

The producer price index rose 0.9% in December y/y, while the consumer price index climbed 1.9%. Both were lower than in November and the median estimate of economists

USD/JPY fell 0.2% to 107.92 after dropping 0.5% on Wednesday

AUD/USD rose 0.3% to 0.7188, reversing an earlier loss after a report showed iron ore shipments from Australia’s Port Hedland gained 16% to 45.8 million metric tons in December from the prior month

EUR/USD climbed 0.1% to 1.1559

Source: Bloomberg


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