US Session – USDJPY hits fresh 4-week high after upbeat ISM manufacturing data
Posted on July 1, 2013 at 8:04 pm GMTRisk sentiment was more evident in the currency markets during the US trading session on Monday, as the start of a new quarter began with stronger data. A report from the Institute for Supply Management (ISM) showed US manufacturing expanded in June, while Japanese and European data pointed to improving economic recovery. The ISM index improved after three months of declines, rising to 50.9 percent from 49.0 percent in May. A figure above 50 signals expansion, while below indicates contraction. [..]