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

Investing.com -

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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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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