The Japanese yen managed to rise against a range of its most-traded peers, including the US dollar and the euro, despite mixed macroeconomic data released in Japan over the trading session.
Japan’s trade balance surplus shrank from ¥0.29 trillion in November to ¥0.09 trillion in December. Economists had promised a much smaller decrease to ¥0.27 trillion. Meanwhile, the Nikkei Flash Japan Manufacturing Purchasing Managers’ Index showed an increase from 54.0 in December to 54.4 in January.
USD/JPY dropped from 110.29 to 109.61 as of 10:03 GMT today, trading near the lowest level since September 15. EUR/JPY slid from 135.65 to 135.28.
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