Dollar ends mixed, Japanese yen rises on U.S.-China tensions

The greenback pared intra-day losses made in European and New York morning ended mixed on Friday while the Japanese yen continued this week's gains and rose to a fresh 6-week high due to safe-haven jpy buying on renewed U.S.-China tensions as Trump administration plans to ban WeChat and TikTok application from the states.  
  
In other news, Reuters reported the Federal Reserve should have adopted more forceful forward guidance to return the U.S. economy to full strength, Minneapolis Fed President Neel Kashkari said on Friday, with a vow to delay interest rate hikes until core inflation had stayed at 2% for roughly a year.   
  
Versus the Japanese yen, although dollar rebounded to 104.86 in Asian morning, price met renewed selling and later tumbled to a fresh 6-week low at 104.28 in Europe on safe-haven jpy buying as well as weakness in U.S. Treasury yields before recovering to 104.63 in New York afternoon.  
  
Although the single currency gained to 1.1861 at Asian open, then 1.1869 in European morning, price then retreated to 1.1827 in New York before briefly rising to session highs of 1.1870 on cross-buying in euro but later swung sideways in New York afternoon session.  
  
Reuters reported the European Central Bank may need to introduce fresh stimulus measures to support an uneven and uncertain recovery in the euro zone and bring inflation closer to its 2% target, ECB policymaker Pablo Hernandez de Cos said on Friday.   
  
The British pound went through a roller-coaster ride. Although cable fell from 1.2993 at Asian open to 1.2942, price found renewed buying and rose to +session highs at 1.2999 in Europe on better-than-expected UK retail sales data before falling to 1.2914 in New York afternoon on cross-selling in sterling.  
  
Reuters reported UK retail sales volumes rose by 0.8% in August, the Office for National Statistics said - slightly above the average 0.7% forecast in a Reuters poll.  
  
Data to be released this week :  
  
Japan market holiday, UK Rightmove house price, U.S. national activity index and Canada new housing index on Monday.  
  
Japan market holiday, UK CBI trends orders, U.S. redbook, existing home sales, Richmond Fed manufacturing and EU consumer confidence on Tuesday.  
  
Australia manufacturing PMI, services PMI, Japan total industry activity, Germany GfK consumer sentiment, Markit manufacturing PMI, Markit services PMI, France Markit manufacturing PMI, Markit services PMI, EU Markit manufacturing PMI, Markit services PMI, UK manufacturing PMI, services PMI and U.S. Markit manufacturing PMI, Markit services PMI, MBA mortgage application, monthly home price on Wednesday.  
  
New Zealand imports, exports, annual trade balance, trade balance, France business climate, Swiss SNB interest rate decision, Germany Ifo business climate, Ifo current condition, Ifo expectation, Italy trade balance, UK CBI distributive trades, U.S. building permits, initial jobless claims, continued jobless claims, new home sales, KC Fed manufacturing and Canada average weekly earnings on Thursday.  
  
UK PSNB, PSNCR, Italy manufacturing business confidence, consumer confidence, U.S. durable goods, durables ex-transport, durables ex-defense and Canada budget balance on Friday.