Dollar Slips Against Yen After Surprise Manufacturing PMI Revision
The US dollar struggled against the Japanese yen on Friday, as the September manufacturing PMI final figure was unexpectedly revised down. The USD/JPY exchange rate dipped to 157.97. This development comes at a time when investors are closely monitoring economic indicators for signs of growth or decline.
The revision in the manufacturing PMI figure is significant, as it reflects changes in industrial production and economic activity. A lower reading suggests that the economy may be slowing down, which could impact investor confidence and market performance.