Japanese Yen Gains as Inflation Signals Strengthen – Commerzbank
Commerzbank notes strong Japanese activity data, with manufacturing PMI at 54.8 and Tankan business conditions index at its highest since..., bolstering inflation signals for the yen.
JPY
Commerzbank analyst Volkmar Baur highlighted solid Japanese activity data, pointing to a manufacturing PMI reading of 54.8 and a Tankan business conditions index at its highest since [data not fully provided]. These figures strengthen inflation signals, supporting the Japanese yen. The data adds to expectations that the Bank of Japan may continue its policy normalization path.
Source: FXStreet Forex News