USDJPY has been falling for the third day in a row; investors are responding to the USD behavior.
The Japanese Yen continues rising against the USD on Friday. The current quote for the instrument is 113.39.
Today’s statistics from Japan showed that the Unemployment Rate increased up to 2.4% in October, which is more than both expected and previous readings of 2.3%. It’s rather difficult to blame the seasonal factor, however, the reason may be temporary changes in balance on the labor market. It’s quite interesting that there were 42.11B unemployed in Japan in October, including the ones older than 65 years old, which is by 3.1% y/y less than last year.
The Tokyo Core CPI y/y didn’t change in November and remained at 1.0% y/y.
The Industrial Production recovered after September’s decline and added 2.9% m/m against the expected reading of +1.3% m/m, which is the fastest improvement over the last three years. After having the horrible third quarter, when the country had to live through serious natural disasters, the indicator is recovering and adapting.
The Consumer Confidence fell from 43.0 points in October to 42.9 points in November, although it was expected to improve up to 43.3 points.
At the same time, investors are responding to the USD behavior, which fell earlier due to the US Federal Reserve’s comments on its monetary policy.
Orgin: RoboForex
