The yen declined across the board on Monday morning in Asia on the back of a rise in some Asian stocks. The yen slumped to a 2-week low against the Australian and Canadian dollars.
At the same time, the yen fell to near a 2-week low against the currencies of U.S. and New Zealand.
As of 9:50 pm ET, Japan’s Nikkei Stock Average was up 0.33%, South Korea’s Kospi Composite rose 0.43%, Taiwan’s weighted average advanced 0.18%, Australia’s All ordinaries index climbed 0.36% and New Zealand’s NZX-50 was up 0.10%.
In economic news, Japan’s domestic corporate goods price index was down 0.4 percent to 102.9 in June compared to the previous month, the Bank of Japan said today. That was slightly below expectations for a 0.2 percent monthly decline following the revised 0.2 percent increase in May.
On an annual basis, corporate goods prices added 0.5 percent versus expectations for a 0.6 percent increase after the revised 0.5 percent gain in May.
The yen slumped to a 2-week low of 78.09 against the Australian dollar around 9:15 pm ET, compared to last week’s closing quote of 77.81. On the downside, the yen may find support around the 80.0 level. The pair is presently quoted at 77.88 against the aussie.
Against its U.S. counterpart, the yen remained in a downward channel for a 5th consecutive day and reached its lowest level in nearly 2 weeks. The yen is presently quoted at 89.10 against the greenback, down from last week’s closing quote of 88.64. If the domestic unit declines further, support is likely to be seen around the 90.70 level.
The yen plunged to near a 2-week low of 63.16 against the New Zealand dollar by 5:20 pm ET and the pair moved on hold thereafter. The kiwi-yen pair, which finished Friday’s deals at 63.05, is presently quoted at 63.14.
The yen also drifted lower to 84.40 against the Swiss franc, 112.42 against the euro and 134.05 against the pound in early Monday Asian deals, compared to last week’s closing quotes of 84.01, 112.09 and 133.58, respectively. At present, the Japanese currency is quoted at 133.74 against the pound, 84.30 versus the Swiss franc and 112.23 against the euro.
Extending its 6-day losing streak, the Japanese yen reached its lowest level in 2 weeks against the Canadian dollar on Monday morning in Asia. At present, the yen is quoted at 86.28 against the loonie, down from Friday’s close of 85.79. On the downside, 88.40 is seen as the next likely target level for the yen.
The loonie staged a strong rally on Friday following a report showed that Canada’s unemployment rate dropped below 8% for the first time in more than a year in June, as employers continued to add jobs in a robust recovery for the nation’s jobs market.
Employment rose by 93,000 in June, pushing the unemployment rate down 0.2 percentage points to 7.9%, according to data from Statistics Canada released Friday.
This is the first time the rate has been below the 8% mark since January 2009.
Economists were expecting the unemployment rate to remain the same at 8.1% and the economy to add only 20,000 jobs.
Looking ahead, French current account for May and U.K.’s final figures of the first quarter GDP data are expected in the upcoming European session.
There are no major economic report due out in the North American session today.
Could this get my account banned?
Wonderful blog! Do you have any recommendations for aspiring writers?
I’m hoping to start my own blog soon but I’m a little lost on everything.
Would you suggest starting with a free platform like WordPress or go
for a paid option? There are so many options out there
that I’m completely confused .. Any ideas? Bless you!
It’s going to be ending of mine day, but before finish I am reading this fantastic post to increase my experience.
Cool blog! Is your theme custom made or did you download it from somewhere?
A theme like yours with a few simple adjustements would really make my blog shine.
Please let me know where you got your design. Kudos
If you desire to grow your familiarity simply keep visiting this site and be updated with the latest news update posted here.
five hundredPleaseextended family be aware five hundredtwoextended familyrevolting disgustingthatextended familytwofive hundred twoAPK4Funrevolting disgustingtwofive hundred only five hundredrevolting disgustingshareextended familytwofive hundred the unique andextended familytwo tworevolting disgustingfreerevolting disgustingextended familytwofive hundred five hundredtwonuclear familyapkrevolting disgusting nuclear familyrevolting disgustinginstallerrevolting disgusting five hundredextended familyforextended familytwo five hundredextended familyrevolting disgustingMastertwo extended familyrevolting disgustingforrevolting disgustingnuclear familytwo five hundredextended familyMinecrafttwo five hundredextended familyv1two.five hundredtwonuclear familyrevolting disgusting2nuclear family.two25nuclear family five hundredrevolting disgustingWITHOUTrevolting disgustingnuclear familyfive hundred ANYextended familytwo tworevolting disgustingcheatfive hundred, five hundredtwonuclear familycrackextended familyfive hundred, twonuclear familylimitlesstwo five hundredtwonuclear familyrevolting disgustinggoldtwofive hundred five hundredtwonuclear familyrevolting disgustingpatchextended family five hundredextended familyrevolting disgustingorextended family another extended familyrevolting disgustingmodificationsnuclear family.
Hello! I know this is kind of off topic but I was wondering which blog platform are you using for this site? I’m getting tired of WordPress because I’ve had issues with hackers and I’m looking at alternatives for another platform. I would be fantastic if you could point me in the direction of a good platform.
My family members always say that I am killing my time here at web, however I know I am getting familiarity everyday
by reading thes good content.
Someone essentially lend a hand to make critically posts I might state. This is the first time I frequented your website page and so far? I amazed with the analysis you made to create this actual submit amazing. Magnificent job!
A. While bamboo flooring is of course resistant to water and different liquids, standing liquid that has seeped between the planks may cause damage.