Japan’s industrial production declined last month, resulting in a drop of the Japanese yen during the current trading session. The yen fell against the US dollar and even against the euro, though it fared better versus other currencies.
Japan’s industrial production was down 3.4 percent in February, almost two times the value forecast by experts. This made the yen vulnerable to its rivals. Still, the Japanese currency managed to hold ground versus the Great Britain pound and to actually gain on commodity currencies.
USD/JPY advanced from 119.21 to 119.91 as of 12:36 GMT today. EUR/JPY edged up from 129.77 to 129.90 following the earlier drop to 129.29.
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