Yen Weakest on Forex Market amid Risk Appetite, Japan’s Data Doesn’t Help

The Japanese yen was the weakest major currency on the Forex market today amid risk appetite caused by optimism about Sino-US trade talks. Better-than-expected domestic macroeconomic data was unable to provide support for the Japanese currency.
The Japanese Cabinet Office reported that machinery orders (excluding volatile components) fell 0.1% in December from the previous month. The decline was much smaller than the forecast drop of 1.1%. Nevertheless, the orders were at the lowest level in 10 years.
USD/JPY ticked up from 110.45 to 110.57 as of 13:36 GMT today. EUR/JPY advanced from 124.72 to 125.21.

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