Yen Mixed Following Release of Economic Data from Japan

The Japanese yen was mixed during Thursday’s trading session following the release of economic data from Japan. The currency was up against the US dollar but down versus the Japanese yen.
Core machinery orders dropped 5.7 percent in August, extending the previous month’s decline, instead of rising 3.3 percent as was predicted by analysts. At the same time, the current account was at ¥1.59 trillion, widening from the previous month while experts had predicted a decrease. The yen did not demonstrate a particular trend as the result of the confusing data.
USD/JPY was down from 120.01 to 119.85 as of 11:31 GMT today. EUR/JPY advanced from 134.87 to 135.34.

If you have any questions, comments or opinions regarding the Japanese Yen,
feel free to post them using the commentary form below.

Leave a Reply

Your email address will not be published. Required fields are marked *