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Forex - Yen up after corporate price index data, Australia capex ahead

Published 05/25/2016, 08:21 PM
Updated 05/25/2016, 08:25 PM
© Reuters.  Yen gains after corporate price index data
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Investing.com - The yen gained in Asia on Thursday after corporate price index data came in as expected, while the Aussie down trended down with capital expenditure figures due.

USD/JPY changed hands at 109.75, down 0.39%, while AUD/USD changed hands at 0.7194, down 0.06%.

In Japan, the corporate services price index rose 0.2% as expected year-on-year.

In Australia, building capital expenditure likely fell 3.0% month-on-month in the first quarter and plant/machinery capital expenditure eased 2.0% quarter-on-quarter. Private new capital expenditure is seen down 3.0% quarter-on-quarter.

New Zealand reports details of its upcoming fiscal year budget.

The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, fell 0.10% to 95.31.

Overnight, the dollar held steady at two-month highs against the other major currencies on Wednesday, as expectations for a June rate hike in the U.S. continued to boost demand for the greenback.

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