USD/JPY drops below 117.50 after lackluster US economic data

FXStreet (Barcelona) - Stuart McPhee, Currency Analyst at MarketPulse, notes that the dollar edged down against the yen on Thursday after lackluster U.S. economic data pushed Treasury yields lower and dulled investor appetite for the greenback.

Key Quotes

"The dollar was down 0.2 percent at 117.555 yen, continuing its slow retreat from a seven-year high of 118.98 struck a week ago. Wednesday’s disappointing U.S. consumer, housing and manufacturing data pushed the benchmark 10-year U.S. Treasury note yield to a one-month low."

Nov 27, 2014

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