The Japanese currency spiked up sharply against major currencies after the releasing of April industrial production data in early Asian deals on Thursday. Industrial production in Japan climbed a seasonally adjusted 0.2 percent on month in April, the Ministry of Economy, Trade and Industry said in Thursday's preliminary reading - missing forecasts for an increase of 0.5 percent following the 1.3 percent increase in March.
On an annual basis, output climbed 13.4 percent - also missing expectations for an increase of 13.7 percent following the 14.2 percent increase in the previous month.
As of now, the yen is trading near fresh multi-month highs of 78.87 against the US dollar, 98.52 versus the euro, 81.20 against the Swiss franc, 122.02 versus the British pound, 59.19 against the NZ dollar and 76.36 versus the Australian dollar.
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Forex News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.