Japan Money Supply M2+CD (YoY) declined to 3.3% in November from previous 3.6%

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Dec 9, 2015

Japan Machinery Orders (YoY) came in at 10.3%, above forecasts (1.4%) in October

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Dec 9, 2015

USD/JPY: watching for 123 to go on the upside

USD/JPY is currently trading at 122.93 with a high of 122.96 and a low of 122.83. There was a little weakness in the Nikkei on the Tokyo open with a little bid USD/JPY towards the 123 handle and strong resistance there. The major pair was toying with the upside into the 122.90's ahead of Tokyo while the Yen was supported on the GDP Q3 data yesterday throughout overnight markets.

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