The yen fell versus the pound on Tuesday morning in New York. The Japanese currency dropped in overnight hours and added further losses just before 6 a.m. It touched as low as 240.51 at 6:15 a.m. and leveled off near that mark for the rest of the morning. Trading took place amid the release of data showing that UK Consumer Price Index annual inflation slowed more-than-expected in the month of May.
The yen was choppy with the dollar on Tuesday morning in New York, as traders in both zones await key economic data later in the week. The yen gained to around 121.60 at about 2 a.m. ET and fell to as low as 121.85 at around 6 a.m. ET. However, the yen gained sharply around 10 a.m. ET and climbed slightly above its overnight levels. The pair traded at 121.65 at 11:15 a.m. ET. Greenback traders await the release of American PPI and CPI data later this week.
The yen gained against the euro on Tuesday morning in New York. The currencies were range-bound into the morning until the yen gained sharply beginning at around 8 a.m. It touched as high as 162.06 at 11:15 a.m. before falling back slightly. Traders considered data showing that Euro zone industrial output fell 0.8% in April.
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