The Japanese yen traded mixed today, rising against such currencies as the US dollar and the Swiss franc, but falling versus others, like the euro.
Japan’s macroeconomic data released over the session was poor, with the trade balance deficit widening sharply from ¥0.29 trillion in October to ¥0.49 trillion in November. Analysts had expected a much smaller increase to ¥0.31 trillion.
The Thomson Reuters/INSEAD Asian Business Sentiment Index edged up to 63 in the fourth quarter of this year from the three-year low of 58 it has reached in the third quarter. Nevertheless, it was one of the lowest levels in years. That was a result of investors being nervous about the trade war between the United States and China.
USD/JPY declined from 112.51 to 112.35 as of 10:27 GMT today, touching the low of 112.19 intraday. EUR/JPY rose from 127.82 to 128.08. CHF/JPY fell 113.36 to 113.16.
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Yen Mixed on Japanese Trade Balance, Market Sentiment
