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.
by RTT Staff Writer
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