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