Yen menguat untuk hari keempat berturut-turut pada hari Senin setelah BoJ pada pertemuan Jumat gagal untuk mengejutkan pasar dengan menjaga kebijakan moneter tidak berubah.
Tokyo - Japan's currency strengthened after the central bank failed to surprise markets at their latest monetary policy meeting, while in the US, the economy has not grown enough to hit the first quarter estimate.
The yen rose against all of its major peers, climbing 0.50% against the US dollar to ¥97.55 as of 4:58am GMT on Monday, while gaining 0.27% to ¥127.37 versus the euro.
The yen edged up 0.09% to ¥151.52 against sterling at the same time. Sterling remains supported by the unexpected gross domestic product growth in the first quarter. The UK GDP report on Thursday showed that the nation's economy had grown 0.3% and escaped the grip of a triple-dip recession.
At a monetary policy meeting last Friday, the Bank of Japan maintained the new easing incentives and decided to keep its interest rate at 0-0.1%, while pledging to keep the current pace of monetary injections of ¥60-¥70 trillion a year through money market operations.
On Monday, Japan will deliver a fresh set of data on the jobless rate, estimated to decline slightly to 4.2% in March from 4.3% in February.
Japanese industrial production month-to-month is also set for release on Monday with expectations of a 0.4% drop in March from 0.6% in February.
US gross domestic product (GDP) data for the first quarter showed a rise of 2.5% after growth of 0.4% recorded in the final quarter of last year. The strongest rise in demand for services in almost eight years, along with bigger stockpiles of private firms and a solid housing market, drove the US economy in the first quarter. GDP expanded less than had been estimated due to the effects of sequestration. US consumer sentiment decreased in April as US citizens were concerned about their employment and financial prospects, fresh data from the University of Michigan (UoM) showed on Friday.
The overall UoM index of consumer sentiment fell to 76.4 in April from 78.6 in the previous month. Still, this month's figure beat market analysts' estimates of 73.5. It was also an improvement from April's preliminary reading of 72.3.
US personal income and spending is due to be published by the US Department of Commerce on Monday. Analysts expect that US residents' spending climbed 0.1%, while their incomes have also been predicted to have grown just slightly, increasing by 0.4% in March.
Tokyo - Japan's currency strengthened after the central bank failed to surprise markets at their latest monetary policy meeting, while in the US, the economy has not grown enough to hit the first quarter estimate.
The yen rose against all of its major peers, climbing 0.50% against the US dollar to ¥97.55 as of 4:58am GMT on Monday, while gaining 0.27% to ¥127.37 versus the euro.
The yen edged up 0.09% to ¥151.52 against sterling at the same time. Sterling remains supported by the unexpected gross domestic product growth in the first quarter. The UK GDP report on Thursday showed that the nation's economy had grown 0.3% and escaped the grip of a triple-dip recession.
At a monetary policy meeting last Friday, the Bank of Japan maintained the new easing incentives and decided to keep its interest rate at 0-0.1%, while pledging to keep the current pace of monetary injections of ¥60-¥70 trillion a year through money market operations.
On Monday, Japan will deliver a fresh set of data on the jobless rate, estimated to decline slightly to 4.2% in March from 4.3% in February.
Japanese industrial production month-to-month is also set for release on Monday with expectations of a 0.4% drop in March from 0.6% in February.
US gross domestic product (GDP) data for the first quarter showed a rise of 2.5% after growth of 0.4% recorded in the final quarter of last year. The strongest rise in demand for services in almost eight years, along with bigger stockpiles of private firms and a solid housing market, drove the US economy in the first quarter. GDP expanded less than had been estimated due to the effects of sequestration. US consumer sentiment decreased in April as US citizens were concerned about their employment and financial prospects, fresh data from the University of Michigan (UoM) showed on Friday.
The overall UoM index of consumer sentiment fell to 76.4 in April from 78.6 in the previous month. Still, this month's figure beat market analysts' estimates of 73.5. It was also an improvement from April's preliminary reading of 72.3.
US personal income and spending is due to be published by the US Department of Commerce on Monday. Analysts expect that US residents' spending climbed 0.1%, while their incomes have also been predicted to have grown just slightly, increasing by 0.4% in March.
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