JPY/USD is trading lower following a greater-than-expected rise in the producer price index for February.
Portfolio Pulse from Benzinga Newsdesk
JPY/USD is trading lower due to a greater-than-expected rise in the producer price index for February.

April 03, 2024 | 5:46 am
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NEGATIVE IMPACT
JPY/USD is trading lower following a significant rise in the producer price index for February.
The unexpected rise in the producer price index indicates higher production costs, which can lead to inflationary pressures. This typically results in a negative impact on the currency value as it may prompt the central bank to adjust monetary policy, hence the negative score for JPY/USD.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100