FOREX-Choppy yen at three-week low, euro 会社/堅いs after GDP, インフレーション data

By Rae 少しの and Alun John

SINGAPORE, July 31 (Reuters) - The yen 軟化するd on Monday, 延長するing losses from a volatile 開会/開廷/会期 at the end of last week after the 日本銀行 (BoJ) 緩和するd its 支配する on 利益/興味 率s, but it remained on 跡をつける for its first 月毎の 伸び(る) against the dollar since March.

In Europe, the euro 会社/堅いd after data showed 経済成長 軽く押す/注意を引くd higher and インフレーション ticked lower.

There is plenty on the 協議事項 in the coming week, with the Bank of England 会合 on Thursday, and U.S. payrolls on Friday, the first of several data points that will 形態/調整 the 連邦の Reserve's September 利益/興味 率 決定/判定勝ち(する).

The dollar rose on Monday to 142.5 yen, its highest in three weeks in European 貿易(する)ing, and was last up 0.87% at 142.4.

The Japanese 通貨 went into a tailspin on Friday as 仲買人s tried to 決定する the 関わりあい/含蓄s of the BoJ's move to 持続する ultra-low 率s while making its 社債 産する/生じる curve 支配(する)/統制する (YCC) 政策 more 柔軟な and 緩和するing its defence of a long-称する,呼ぶ/期間/用語 率 cap.

The dollar 結局 ended the Friday 開会/開廷/会期 with a 1.2% 伸び(る) against the yen, though that was after it had slid 1% to a 開会/開廷/会期-low of 138.05 yen.

The BoJ's 政策 of keeping 産する/生じるs pinned 負かす/撃墜する has 重さを計るd ひどく on the Japanese 通貨 for the past year, and fresh 介入 on Monday showed it could continue to do so.

Japan's (判断の)基準 10-year 政府 社債 産する/生じる 殺到するd to a nine-year high, spurring the central bank to 行為/行う 付加 購入(する) 操作/手術s to slow its rise. The move "has likely surprised some market 関係者s and encouraged yen selling 夜通し", MUFG 分析家s said in a Monday 公式文書,認める.

"At the same time, the yen´s 失敗 to 支える 伸び(る)s に引き続いて the BoJ´s 政策 告示 last week could also 反映する the message from the BoJ that it is not in a hurry to begin raising 利益/興味 率s," they 追加するd.

どこかよそで in Asia, data on Monday showed 中国's 製造業の activity fell for a fourth straight month in July, though the 中国-exposed Australian dollar and Chinese 株 were ブイ,浮標d by news of その上の 対策 to 刺激(する) the country's sputtering 経済的な 回復.

The Aussie was last up 0.9% at $0.6707, and the 沖合いの/海外の yuan was 安定した at 7.1531 per dollar, 製図/抽選 some support from an 告示 from 中国's 明言する/公表する 会議 on Monday on 対策 to 回復する and 拡大する 消費 in the automobile, real 広い地所 and services 部門.

FED HIKES DONE?

The U.S. dollar was 長,率いるd for a 月毎の loss on the prospect that the 連邦の Reserve's 積極的な 率-引き上げ(る) cycle - a 重要な driver of the dollar's strength - could have 結論するd with last week's 25-basis-point 増加する.

The dollar 索引 was last flat at 101.69, but was 注目する,もくろむing a 月毎の 拒絶する/低下する of 概略で 1%, 延長するing its loss to a second straight month.

The dollar is 長,率いるing for its first 月毎の loss against the yen since March, and its second 連続する 月毎の loss against the euro and 続けざまに猛撃する.

Data on Friday showed that the 年次の U.S. インフレーション 率 rose in June at its slowest pace in more than two years, with underlying price 圧力 receding, 緩和 圧力 on the 連邦の Open Market 委員会 (FOMC) to continue raising 率s.

With two more 月毎の 消費者物価指数 and payrolls 報告(する)/憶測s before the Fed's next 会合 in September, markets have plenty of time to change their mind, and so, said Deutsche Bank strategist Jim Reid, "all roads this week lead to U.S. payrolls on Friday".

The euro rose 0.21% to $1.1039 on Monday after the data showed euro zone インフレーション fell その上の in July while the 圏 returned to growth in the second 4半期/4分の1 of 2023, with a greater than 推定する/予想するd 拡大.

The euro is 注目する,もくろむing a 月毎の 伸び(る) of about 1%. Last week's European Central Bank 政策 会合 raised the 可能性 of a 率 pause in September, though Rabobank 分析家s said Monday's data "許す the ECB to both argue for a longer 持つ/拘留する 同様に as for another 引き上げ(る)".

英貨の/純銀の 伸び(る)d 0.13% to $1.2850 ahead of the Bank of England's (BoE) 政策 会合 this week, with market pricing finely balanced between a 25 and 50 basis point 増加する. It is 始める,決める for a 1.3% 月毎の 伸び(る).

(報告(する)/憶測ing by Rae 少しの; editing by Himani Sarkar, Kim Coghill, Christina Fincher and 示す Heinrich)

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