Investing.com - The U.S. dollar traded higher against the Japanese yen during Tuesday’s Asian session following a spate of data points out of the world’s third-largest economy.
In Asian trading Tuesday, USD/JPY rose 0.05% to 98.27 after earlier trading as high as 98.73. The pair was likely to find support at 96.82, the low from Aug. 27, and resistance at 99.14, Thursday's high. Yen-related pairs were in focus following a raft of Japanese data points.
Earlier Tuesday, the Bank of Japan said the Tankan Manufacturing Index rose to 12 in the third quarter from four in the second quarter. Analysts expected a third-quarter reading of 7.
Separately, Japan’s Statistic Bureau said Japanese household spending fell 1.6% in September after a 0.1% increase in August. Analysts expected a September increase of 0.1%. The Statistics Bureau added that the unemployment rate in the world’s third-largest economy unexpectedly rose to 4.1% in September from 3.8% in August. Analysts expected the September reading to be unchanged.
In another report, the Japanese Ministry of Health, Labour and Welfare said that Japan’s average cash earnings fell 0.6% in the third quarter after a 0.1% second-quarter increase. The second-quarter reading was revised down from 0.4%. Analysts expected a third-quarter decline of 0.2%.
BoJ added that Japan’s non-manufacturing Tankan index rose to 14 from 12 in August. Analysts expected a September reading of 14.
Elsewhere, AUD/JPY rose 0.11% to 91.72 after the Australian Bureau of Statistics said that Australian retail sales rose 0.4% last month following a 0.1% increase in the prior month. Analysts expected retail sales to rise 0.3% last month.
EUR/JPY added 0.13% to 133.02.
In Asian trading Tuesday, USD/JPY rose 0.05% to 98.27 after earlier trading as high as 98.73. The pair was likely to find support at 96.82, the low from Aug. 27, and resistance at 99.14, Thursday's high. Yen-related pairs were in focus following a raft of Japanese data points.
Earlier Tuesday, the Bank of Japan said the Tankan Manufacturing Index rose to 12 in the third quarter from four in the second quarter. Analysts expected a third-quarter reading of 7.
Separately, Japan’s Statistic Bureau said Japanese household spending fell 1.6% in September after a 0.1% increase in August. Analysts expected a September increase of 0.1%. The Statistics Bureau added that the unemployment rate in the world’s third-largest economy unexpectedly rose to 4.1% in September from 3.8% in August. Analysts expected the September reading to be unchanged.
In another report, the Japanese Ministry of Health, Labour and Welfare said that Japan’s average cash earnings fell 0.6% in the third quarter after a 0.1% second-quarter increase. The second-quarter reading was revised down from 0.4%. Analysts expected a third-quarter decline of 0.2%.
BoJ added that Japan’s non-manufacturing Tankan index rose to 14 from 12 in August. Analysts expected a September reading of 14.
Elsewhere, AUD/JPY rose 0.11% to 91.72 after the Australian Bureau of Statistics said that Australian retail sales rose 0.4% last month following a 0.1% increase in the prior month. Analysts expected retail sales to rise 0.3% last month.
EUR/JPY added 0.13% to 133.02.