Japan's yen has weakened, USD/JPY is again above 148.00

I posted earlier on the Japan PPI for July:

• Japan knowledge – July PPI +zero.2% m/m (anticipated +zero.2%) & +2.6% y/y (anticipated +2.5%)
• Japan’s wholesale inflation has slowed down for the fourth month in a row

I referred to the decrease company inflation fee as a unfavourable for the yen, on the margin. I didn;t count on the marekt to run with it so shortly.

USD/JPY has risen from lows beneath 147.75 to highs circa 148.15. Not an enormous transfer, however notable on an in any other case moribund session for main FX.

Japanese equities have jumped once more:

• Japan’s two benchmark inventory indexes, Niklkei and Topix, each hit a brand new document excessive right now

This text was written by Aaron Cutchburt at investinglive.com.