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| Commodity News |
| HeadLine : |
Japanese yen flat after mixed trade data, EUR down on Greece |
| Date : |
May 25 2015 |
- The Japanese yen flat in Asia on Monday after trade data showed a mixed picture with exports up solidly, but imports down more than expected.
- USD/JPY changed hands at 121.57, flat, while AUD/USD traded at 0.7810, down 0.18%.EUR/USD changed hands at 1.0989, down 0.22%.
- Japan's trade balance for April reached a deficit of Y53.4 billion, narrower than the Y319 billion deficit seen and exports rose 8.0%, better than the 6.4% increase expected and imports declined 4.2%, more than the 1.5% drop expected.
- On Friday, a mostly upbeat Federal Reserve Chair Janet Yellen said Friday "it will be appropriate" for the Fed to start raising the federal funds rate from near zero "at some point this year" if the economy performs as she expects.
- Inflation is expected to move up toward our objective of 2% as the economy strengthens further and as transitory influences wane.
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