Investing.com - The U.S. dollar traded slightly higher against the Japanese yen during Wednesday’s Asians session following the release of a pair of Japanese data points and U.S. President Barack Obama’s speech on Syria.
In Asian trading Wednesday, USD/JPY inched up 0.01% to 100.41. The pair was likely to find support at 98.55, Friday's low, and resistance at 100.65.
"In the days leading up to August 21st, we know that Assad’s chemical weapons personnel prepared for an attack near an area where they mix sarin gas. They distributed gas masks to their troops. Then they fired rockets from a regime-controlled area into 11 neighborhoods that the regime has been trying to wipe clear of opposition forces. Shortly after those rockets landed, the gas spread, and hospitals filled with the dying and the wounded," said Obama in his speech.
Earlier Wednesday, the Bank of Japan said the country’s corporate goods price index rose 2.4% in August after a 2.2% increase in July. Analysts expected the August increase of 2.4%.
In a separate report, Japan’s Ministry of Finance said the BSI large manufacturing conditions reading soared to 15.2 in the second quarter following a first-quarter reading of 5. Analysts expected the survey of manufacturing conditions to read 7.2 for the second quarter.
Those data points came a day after BoJ offered an unsurprising view on its current monetary stimulus efforts.
"Many members expressed recognition that it was also important that the credibility of fiscal management be maintained in order to ensure the stability of interest rates, and they therefore expected to government to steadily promote measures aimed at achieving fiscal consolidation," according to the summary of conclusions posted by BoJ.
Elsewhere, EUR/JPY nudged up 0.03% to 133.24 while AUD/JPY fell 0.24% to 93.29.
In Asian trading Wednesday, USD/JPY inched up 0.01% to 100.41. The pair was likely to find support at 98.55, Friday's low, and resistance at 100.65.
"In the days leading up to August 21st, we know that Assad’s chemical weapons personnel prepared for an attack near an area where they mix sarin gas. They distributed gas masks to their troops. Then they fired rockets from a regime-controlled area into 11 neighborhoods that the regime has been trying to wipe clear of opposition forces. Shortly after those rockets landed, the gas spread, and hospitals filled with the dying and the wounded," said Obama in his speech.
Earlier Wednesday, the Bank of Japan said the country’s corporate goods price index rose 2.4% in August after a 2.2% increase in July. Analysts expected the August increase of 2.4%.
In a separate report, Japan’s Ministry of Finance said the BSI large manufacturing conditions reading soared to 15.2 in the second quarter following a first-quarter reading of 5. Analysts expected the survey of manufacturing conditions to read 7.2 for the second quarter.
Those data points came a day after BoJ offered an unsurprising view on its current monetary stimulus efforts.
"Many members expressed recognition that it was also important that the credibility of fiscal management be maintained in order to ensure the stability of interest rates, and they therefore expected to government to steadily promote measures aimed at achieving fiscal consolidation," according to the summary of conclusions posted by BoJ.
Elsewhere, EUR/JPY nudged up 0.03% to 133.24 while AUD/JPY fell 0.24% to 93.29.