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In Asian trading, the USD/JPY pair rose by 0.3%, reaching 155.87, nearing the 156 threshold. This movement comes in response to weaker-than-expected Japanese gross domestic product (GDP) data for the first quarter, which has put pressure on the yen.
Simultaneously, the USD/CNY pair edged up by 0.1%, trading at 7.2209 and returning to six-month highs above 7.22. This shift followed mixed economic data from China earlier on Friday, which revealed that industrial production grew more than anticipated in April. However, this positive news was tempered by a significant slowdown in retail sales growth and an accelerated decline in Chinese house prices last month.
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