The Yen is retreating. Overview for 11.09.2017

The USD/JPY pair is regaining its positions as the market’s demand for “safe haven” assets decreased.

On Monday, the Japanese Yen is falling against the USD. the current quote for the instrument is 108.47.

The statistics published today showed that the Core Machinery Orders in Japan expanded by 8.0% m/m in August after losing 1.9% m/m in the previous month and against the expected reading of +4.2% m/m. The machinery orders added increased by 36.3% y/y after adding 28.0% y/y the month before.

The readings indicate the official statistics on the finished product orders themselves along with components and parts. It’s a very good result, which may provide ground for the GDP growth.

The Tertiary Industry Index added 0.1% m/m in July after losing 0.2% m/m in June.

In the meantime, the currency market’s demand for the Yen as a “safe haven” asset is falling. Aggressive negotiations between the USA and North Korea stalled, although it may continue later in many different ways. As long as the news is pretty clam, the USD/JPY pair will slowly recover.

RoboForex Analytical Department