Yen Down as Traders Feel No Need for Safe Haven, Positive Data Doesn’t Help

The Japanese yen was weak across the board today as markets calmed down and the sentiment stabilized, giving traders no incentive to buy safer currencies. Positive macroeconomic data did not help the currency.
Cabinet Office reported that core machinery orders rose 6.8% in August from the previous month. That is instead of falling by 3.9% as analysts had predicted. The orders jumped as much as 11% in July. But as it often happens, the general market sentiment had more influence on the yen than domestic data.
USD/JPY climbed from 112.95 to 113.24 as of 11:37 GMT today. EUR/JPY advanced from 129.79 to 130.24.

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