Yen Lower After Mixed Data

The Japanese yen traded a little lower against the US dollar and the euro after the release of mixed data from Japan at the start of the current trading session. The currency is still under pressure from prospects for additional monetary stimulus but at the same time is supported by need for safety among investors.

Japan’ machinery orders (excluding volatile ones) rose 2.9 percent in September while analysts have predicted a drop by 1.0 percent. The Producer Prices Index also increased by 2.9 percent last month, but in this case the actual result was worse than expectations. With confusing fundamentals, the yen did not move far as of now.

USD/JPY ticked up from 115.48 to 115.60 as of 1:01 GMT today. EUR/JPY inched higher from 143.62 to 143.73.

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