Japanese Yen Remains Weaker as Business Activity Shows Signs of Contraction

The Japanese Yen (JPY) continues to hold losses on Wednesday, remaining near its low of 161.75, a level not seen since 1986, recorded in the previous session.

FXStreet19minutes ago

Japanese Service Sector Faces First Decline Since August 2022 Amid Stagnant Demand, Rising Costs

The Japanese service sector saw a decline in June, the first since August 2022, as reported by the latest PMI data, according to an S&P Global report on Wednesday.

MT Newswires21:30 ET

Japan's Economy Now Seen Shrinking in 2024 by Two Forecasters

Two economists flipped their forecasts for Japan’s economy to show a contraction in 2024 a day after first-quarter gross domestic product data were revised sharply lower, highlighting the Bank of Japan’s quandary as it weighs the case for a rate hike.

BNN BloombergJul 2 02:07 ET

Inflation data easing suppresses the rise of the US dollar, while political risks in the Japanese yen and other countries' currencies are on the rise.

Last week, economic data solidified the market's expectation of a US interest rate cut this year, narrowing the dollar's upward momentum.

CME GroupJul 1 20:59 ET

Japan Factory Sector Steady in June, and Optimistic: PMI Report

Japan's factory managers in June reported modest boosts to output and also sustained job creation, while "business sentiment improved to its best in 2024 so far," reported S&P Global, citing its monthly survey of the nation's manufacturing sector.

MT NewswiresJul 1 06:07 ET

Japan Revises Economic Growth in 1Q Downward, as Latest Data Show Sluggish Demand and Rising Prices

Japan revised its earlier estimates to show that its economy contracted at a 2.9% annual pace in the first quarter of the year, as meanwhile a survey by the central bank released Monday showed conditions remain sluggish.

Yahoo FinanceJul 1 02:34 ET