Forex – Yen gains despite weak wages data, Russia probe eyed

Yen gains

Investing.com – The yen gained in Asia on Friday despite weak earnings figures with the dollar under pressure on a report of into allegations Russia colluded to interfere in the U.S. elections.

Japan reported for June slumped 0.4%, compared with a 0.6% gain seen on year.

Elsewhere, Australia’s central bank will release its with look at the economy and retail sales for the second quarter are seen up 1.2% and at a 0.2% pace .

changed hands at 109.88, down 014%, while traded at 0.7962 up 0.16%.

The , which measures the greenback’s strength against a trade-weighted basket of six major currencies, fell 0.13% to 92.58.

Overnight, the dollar hit session lows against a basket of global currencies, on the back of a report that the special counsel overseeing the Russia investigation, has impaneled a grand jury in Washington, to investigate Russia interference in the 2016 elections, The Wall Street Journal reported Thursday. Mr Mueller’s move to empanel the grand jury is a sign that his probe is intensifying and could stretch “for months,” according to the newspaper.

This latest development in the Russia saga is likely to add to recent political uncertainty in Washington after The Senate, earlier in July, rejected an amendment to roll back parts of Obamacare.

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