Yen Holds Gains After Surprise Jump In Core Machinery Orders
Wednesday,
17-Jan-2018
09:25 AM (IST)
The yen held gains against the dollar in Asia on Wednesday as core machinery orders unexpectedly rose and the euro gained after comments from a key European central banker on the hawkish side.USD/JPY changed hands at 110.39, down 0.06%, while EUR/USD traded at 1.2271, up 0.08%. AUD/USD traded at 0.7971, up 0.13%.The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was last quoted up 0.11% to 90.23.In Asia, Japan reported a surprise jump in core machinery orders for November with a 5.7% leap, compared to a 1.4% drop expected on month and 4.1% pace annually, compared to a 0.7% decline seen on year. Australia reports home loans data for November with a 0.1% increase seen on month.
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