Investing.com – The yen rose against the U.S. dollar on Thursday ahead of key data on unemployment claims, the manufacturing sector and foreign purchases of U.S. Treasury debt.
USD/JPY hit 93.13 during early European trade, shedding 0.11%. The pair was likely to find support at 89.63, the low of March 9, and resistance at 94.69, the high of April 2.
Earlier in the day, an official report showed that economic growth in China, Japan's biggest trading partner, accelerated during the first quarter to 11.9%, the fastest annual pace in almost three years.
The yen surged versus the euro, meanwhile, with EUR/JPY shedding 0.53% to reach 126.63.
Also Thursday, government data showed that Japanese industrial production fell 0.6% in February from the previous month, less than the expected decline of 0.9%.
USD/JPY hit 93.13 during early European trade, shedding 0.11%. The pair was likely to find support at 89.63, the low of March 9, and resistance at 94.69, the high of April 2.
Earlier in the day, an official report showed that economic growth in China, Japan's biggest trading partner, accelerated during the first quarter to 11.9%, the fastest annual pace in almost three years.
The yen surged versus the euro, meanwhile, with EUR/JPY shedding 0.53% to reach 126.63.
Also Thursday, government data showed that Japanese industrial production fell 0.6% in February from the previous month, less than the expected decline of 0.9%.