USDJPY declines after the better-than-expected U.S. economic data

Market news

31 October 2014

USDJPY declines after the better-than-expected U.S. economic data

The final Reuters/Michigan Consumer Sentiment Index jumped to 86.9 in October from 86.4 in September, exceeding expectations for a rise to 86.4.

The Chicago purchasing managers' index increased to 66.2 in October from 60.5 in September, beating expectations for a decline to 59.5.

Bank of Japan Governor Haruhiko Kuroda: further stimulus measures are necessary “to ensure the early achievement of our price target”

U.S.: Reuters/Michigan Consumer Sentiment Index, October 86.9 (forecast 86.4)

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