Yen Weakens On Downbeat Industrial Data

<p>The USD/JPY holds up well after the Japanese government released worse-than-expected economic data. Japan’s industrial production dropped 8.4% on month in May (-5.7% expected), mainly dragged by automakers cutting back production. This followed a 9.8% contraction in April. Global demand remained weak in May thanks to coronavirus-induced lockdown of various major economies, causing severe impact […]</p>
<p>The post <a rel="nofollow" href="https://www.actionforex.com/contributors/fundamental-analysis/307072-yen-weakens-on-downbeat-industrial-data/">Yen Weakens On Downbeat Industrial Data</a> appeared first on <a rel="nofollow" href="https://www.actionforex.com">Action Forex</a>.</p>