Source : Investing.com
The yen eased in Asia on Monday with investors surprised by a big spike in machinery orders data in Japan.
USD/JPY changed hands at 113.95, up 0.11%, while AUD/USD traded at 0.7570, up 0/08%. EUR/USD was quoted at 1.1154, up 0.05%.
In Japan, core machinery orders for January spiked 15%, well above the 3.0% gain seen month-on-month and a year-on-year gain of 8.4%, far outpacing a decline of 3.6% expected.
Official data released over the weekend showed that China's factory
output in the first two months of the year slowed to the weakest level
since November 2008, adding to the view that the economy remains in the
midst of an ongoing slowdown which will require Beijing to roll out more
support in coming months.
Industrial production rose by an annualized rate of 5.4% in January,
below expectations for a 5.6% increase and slowing from a gain of 5.9%
in the preceding month, the General Administration of Customs said on
Saturday.
The U.S. dollar index,
which measures the greenback’s strength against a trade-weighted basket
of six major currencies, was last quoted at 96.27, up 0.04%.
In the week ahead, investors will be turning their attention to Wednesday’s outcome of the Federal Reserve
