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The Japanese Yen strengthened almost unnotably against its American counterpart, following the release of Japan's producer price index figures. The USD/JPY currency pair stepped lower one base point, or 0.01%, reaching the 106.2920 level, to continue fluctuating and going back up.
The Bank of Japan revealed on Monday that February producer price index hit the forecasts, rising at a 2.5% pace, following the 2.7% upmove seen in the prior month. It was the third consecutive month of declining expansion rate in Japan's product price index, however the initial reaction on the main pairs was as unsignificant as on the USD/JPY currency pair.
| Historical Data Table: Japan's PPI y/y | Economic Calendar for 13.03.2018 | ||||||||
| Date | 12.11.2017 | 11.12.2017 | 15.01.2018 | 12.02.2018 | 13.03.2018 | 11:30 AM | UK Annual Budget Release | ||
| Actual | 3.40% | 3.60% | 3.00% | 2.70% | 2.50% | 12:30 PM | US CPI m/m | ||
| Forecast | 3.10% | 3.30% | 3.30% | 2.70% | 2.50% | 9:45 PM | NZD Current Account | ||
| Initial Reaction on Main Pairs | SWFX Sentiment Indexes | ||||||||
| Open Price | Close Price | % Change | Longs | Shorts | |||||
| AUD/JPY | 83.666 | 83.672 | 0.01% | AUD/JPY | 74.58% | 25.42% | |||
| CAD/JPY | 82.771 | 82.766 | -0.01% | CAD/JPY | 55.40% | 44.60% | |||
| EUR/JPY | 131.161 | 131.151 | -0.01% | EUR/JPY | 54.72% | 45.28% | |||
| USD/JPY | 106.302 | 106.292 | -0.01% | USD/JPY | 65.50% | 34.50% | |||