Yen hits two weeks low after positive U.S data

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Source: WBP Online
The Yen declined to its two week low against the Greenback, after the U.S data revealed positive inflation and housing numbers. The U.S Consumer Price index surged by 2.0%, following 2.1% growth in a period before, resulting in overall rate of 1.9%. U.S housing starts jumped by 15.7% to over million units in July, from previous month numbers of 893,000. Additionally, building permits rose by over 8% in July alone. The Japan's Yen retreated by 0.2% to 102.77 yen.
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