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Japanese yen fall again as machine orders in Japan dropped

ecPulse
2013-06-12 05:45AM UTC

Japanese yen fall again today versus American dollar after yesterday’s noticeable gains, where Japense economy recorded a more-than-estimated drop in its machine orders reading for April. At the same time American dollar inclined versus major currencies today amid the current improved data in the U.S.

Japanese yen fell versus dollar today, where the USD/JPY pair recorded low of 96.076 after hitting high of 96.892, while the pair started today’s session at 96.250. Yen also fall against the GBP, where the GBP/JPY pair inclined to record high of 151.481 after hitting low of 150.843.

At the same time, euro also inclined against Japanese yen for the second straight session, where the EUR/JPY pair recorded high of 128.863 from low of 128.234, while the pair started today’s session at 128.437.

On the other side, Australian and New Zealand’s dollar fall today against American dollar after their previous series of gains, where the AUD/USD pair recorded low of 0.94162 and high of 0.94962. NZD/USD pair recorded low of 0.78635 from high of 0.79211.

Consumer Confidence in Australia

Fx News Today
2013-06-12 00:50AM UTC

Westpac Australia released its consumer confidence seasonally adjusted reading for the month of June, where the reading came at 4.7%, compared with a previous reading of -7.0%.

Machine Orders in Japan

Fx News Today
2013-06-12 00:01AM UTC

Japanese economy released its machine orders index reading concerning the month of April, where the reading fell to -8.8%, compared with a previous reading of 14.2%, while analysts’ expectations were -8.2%.

Meanwhile, the annualized Machine orders in Japan recorded an actual fell to -1.1% in April, compared with a previous reading of 2.4%, while analysts’ expectations were -4.3%.

South Korea’s Unemployment rose in May

Fx News Today
2013-06-11 23:16PM UTC

South Korean economy noticed a higher-than-estimated unemployment rate during the month of May, amid the recent global instability and weaker domestic demand which negatively affected on labor sector and curbed economies’ growth.

South Korea’s Unemployment rate inclined more-than-estimated in May, up from prior and estimated rate of 3.1%.

Meanwhile, The Bank of Korea and its board members needs to add further stimulus into the nation’s financial system in order to spur domestic demand and hindered sectors to revive growth.