Greenback in Bounded Diapason, Japanese Yen Mildly Up

Forex News

Greenback is sustained, as it was recently buoyed by the fact that President Donald Trump signed the tax bill. The single currency reduced 0.1% to 1.1869 dollars. Dollar remained at 113.30 versus Japanese Yen. USD index dropped to 93.278. Bitcoin increased 10.5% to close at 15,375.83 dollars.

There was basically no data yesterday and today, with only Japanese inflation numbers having been released. Core consumer prices kept growing for almost a year now (+0.9% yoy). Household spending for November turned out to be positive as well, which in turn gave hope that price stability would be reached. Wages, however, are still the sticking point for the Bank of Japan. Also in Japan, PM Shinzo Abe claimed businesses should lift wages by 3% or even higher. Overall, since it’s Christmas holidays, no significant dynamic is expected at the market.