On Monday, the evergreen buck eased against the Japanese yen and the Australian dollar sank as retail sales data weighed with experts keeping an eye on political risk elements with Donald Trump’s administration on the backfoot over its immigration as well as other policies.
The currency pair USD/JPY dipped 0.20%, hitting 112.43, while AUD/USD tumbled 0.18% to 0.7666.
In Japan, in December, average cash earnings tacked on 0.1% year-on-year, quite below the 0.4% revenue expected. On an annual inflation-adjusted basis, wages dived in December for the first time in a year because an ascend in the cost of living outpaced nominal pay lifts. Additionally, the labor ministry told that adjusted real wages decreased 0.4% in December from a year earlier, following a revised flat outcome in November.
In Australia, retail sales went down 0.1% in December month-on-month, which is much weaker than the 0.3% surge observed. In China, the Caixin Services PMI kept to 53.1, though missed the expected 53.6 level and it was below last month figure of 53.4.
