Back
2 Mar 2015
USD/JPY steady below 120.00 after US data
FXStreet (Córdoba) - USD/JPY inched a few pips up, but remained well within its daily range, following the release of a batch of mixed US data.
US consumer spending dropped 0.2% in January, missing expectations of a 0.1% fall, while personal income rose by 0.3%, below the 0.4% increase expected. Meanwhile, the PCE index, the Fed's preferred inflation measure, fell 0.5% MoM and 0.2% YoY. However, the core PCE which excludes volatile volatile food and energy components, rose 0.1% and 1.3%respectively.
USD/JPY advanced a few pips and reached an hourly high of 119.86, but lacked momentum to retest European session high of 119.95. At time of writing, the pair is trading at 119.83, up 0.18% on the day.
US consumer spending dropped 0.2% in January, missing expectations of a 0.1% fall, while personal income rose by 0.3%, below the 0.4% increase expected. Meanwhile, the PCE index, the Fed's preferred inflation measure, fell 0.5% MoM and 0.2% YoY. However, the core PCE which excludes volatile volatile food and energy components, rose 0.1% and 1.3%respectively.
USD/JPY advanced a few pips and reached an hourly high of 119.86, but lacked momentum to retest European session high of 119.95. At time of writing, the pair is trading at 119.83, up 0.18% on the day.