The US dollar edged to close above 125.50 against the Japanese currency. The fall in US bond yields took the shine out of the USDJPY pair. Risk appetite also eased as negotiations between Russia and Ukraine failed once again. In a choppy pricing environment, the overnight high traded was at 125.76 while the low recorded was at 124.76.
Japan has released this morning its monthly Core Machinery Orders which came our -9.2% down vs the expected of -1.5%. Also the Japan’s yearly M2 Money Stock has been released which cam out at 3.5% versus the expected 3.6%.
Looking forward, the US will release its Producer Price Index (PPI) and Crude Oil Inventories.
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