Yen stands still in Asia on Japan core machinery orders

Yen stands still in Asia on Japan core machinery orders

On Wednesday, the Japanese yen gained modestly in early Asia because data on machinery orders backed market sentiment, while demand was supported by safe-haven buying linked to surging tensions on the Korean peninsula.

In Japan, in February core machinery orders leapt 5.6% year-on-year, surpassing a 2.5% revenue seen, although the month-on-month figure added 1.5%, missing the 3.7% profit expected. Simultaneously, Japan’s PPI rallied 1.4% year-on-year in March, a bit faster than the 1.3% surge observed.

The currency pair USD/JPY hit 109.62, being almost intact. As for AUD/USD, this pair traded at 0.7504, growing 0.07%.

In March, China’s CPI dipped 0.3% month-on-month and grew 1% year-on-year. It’s expected to report a 7.6% ascend off a minimum base year-on-year for March.

The US dollar index, traditionally measuring the US dollar’s strength against a trade-weighted basket of six crucial currencies, dived 0.31%, getting to 100.63.

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