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USD/JPY pulled back to 111.48 on Thursday, down 0.41% on the day, after six straight losing sessions for the yen. The pair had traded above 112 on Wednesday for the first time since February.
Japanese retail sales fell 3.2% year on year in August and industrial production fell 3.2% month on month.
Weak Japanese demand data point to softer domestic consumption and industrial output, which can reduce feed demand from Japanese livestock and processing sectors. The yen's partial recovery eases import costs only slightly.
business-standard.comReutersSep 28, 2021Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
