EUR/JPY bounces off multi-month low, down a little around 161.70 ahead of Eurozone PMIs.The EUR/JPY cross attracts some follow-through selling for the second straight day and drops to its lowest level since October 4 during the Asian session on Friday, albeit it managed to rebound a few pips thereafter. Spot prices currently trade around 161.65-161.70 region, still down for the second straight day amid a stronger Japanese Yen (JPY).
BOJ to hike rates in Dec as yen weakens and Trump returns, majority of analysts say: Reuters poll.The Bank of Japan will raise interest rates again at its December meeting as a strengthening economy and concerns over the depreciating yen prompt policymakers to act, according to just over half of economists in a Reuters poll.
Japan's CPI eases to 2.3% in Oct, core-core rises to 2.3%.Japan's inflation data for October revealed persistent and broadening price pressures. Core CPI (excluding food) eased slightly to 2.3% yoy, down from 2.4% yoy but exceeding expectations of 2.2% yoy.
Indian rupee weakens to record low, hurt by persistent outflows, stronger dollar.The Indian rupee declined to its weakest level on record on Friday as a resurgent dollar and sustained portfolio outflows pressured the currency, while heightened geopolitical risks also dampened risk appetite.
Japan's PMI manufacturing falls to 49.0, services rises to 50.2.Japan's PMI Manufacturing index edged down to 49.0 from 49.2 in November, signaling a deepened contraction in the sector. In contrast, PMI Services rose slightly to 50.2 from 49.7, indicating a renewed, albeit modest, expansion.