AUD/JPY drops to 75.19, down 0.20% on a day, during the early Friday. The pair recently reacted to Australia’s Producer Price Index (PPI) data for the second quarter (Q2). In doing so, it ignores China’s PMI data for July.
Australia’s Q2 PPI slips below +1.3% YoY forecast and prior to -0.4% while the QoQ figures defy 0.3% market consensus and 0.2% previous readouts with -1.2% data. Earlier, China’s NBS Manufacturing PMI surged past-50.7 forecast and 50.9 earlier readings to 51.1 whereas Non-Manufacturing PMI crossed 51.2 expectations with 54.2 figures.


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