Japanese Data Disappoint And Sends Yen Lower, While The Greenback Consolidates More Broadly

2026-02-16 08:20:00 ET

In subdued foreign exchange turnover, the dollar ( DXY ) enjoys a firmer bias against most G10 currencies amid a broadly consolidative tone. The US markets are closed for President’s Day, while Chinese markets are closed for the week to celebrate the Lunar New Year. Disappointing Japanese data, including Q4 GDP and December industrial output, weighed on the yen, which is off about 0.5%, but the greenback has not risen above the high set at the end of last week (~JPY153.65). Despite the lack of mainland guidance, the market took the offshore yuan higher in its largest advance in a couple of weeks....

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