Feb 22, 2016
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Forex – Yen gains in early Asia, Aussie dips in light regional data day

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Investing.com –

Investing.com – The yen gained in early Asia on Monday and the
Aussie dipped in a fairly light regional data day ahead.

USD/JPY changed hands at 112.47, down 0.17%, while AUD/USD
changed hands at 0.7141, down 0.11%.

Assistant Reserve Bank of Australia Governor Guy Debelle is
scheduled to make remarks, In Japan comes the initial manufacturing
PMI for February with a level of 52.0 seen from 52.3 the previous
month.

The U.S. dollar index, which measures the greenback's strength
against a trade-weighted basket of six major currencies, was last
quoted at 96.73, up 0.11%.

In the week ahead, investors will be looking to Monday's survey
data on euro zone business activity for indications on the health
of the region's economy.

The week will also bring a look at business sentiment in both
the euro zone and the U.S. and Thursday's report on U.S. durable
goods orders will give investors fresh insight on the strength of
the manufacturing sector.

Last week, the dollar fell against most of the other major
currencies on Friday, while the yen strengthened broadly as fresh
falls in
oil
prices

and equities underlined concerns over the outlook for the global
economy.

The dollar found broad support as largely upbeat U.S. data
earlier in the week reinforced the view that the Federal Reserve is
likely to say on a monetary tightening path this year.

Data on Friday showed that the U.S. consumer price index rose at
an annual rate of 1.4% in January, ahead of expectations for a 1.3%
increase.

Core inflation, which excludes food and energy, rose by a larger
than forecast 2.2%.

Despite the strong U.S. inflation data, the dollar fell to
one-week lows of 112.29 against the safe haven yen and USD/JPY was
last at 112.66, off 0.53% for the day.

Thursday's minutes of the European Central Bank's January
meeting cemented expectations for further easing next month, saying
growth and inflation risks are on the rise in the euro area.



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