Versus the sterling, the Japanese currency saw weakness as trading advanced on Tuesday. The currency slid to 238.83 into the afternoon. On the whole, the yen is near a weekly low.
The yen was choppy against the American dollar on Tuesday afternoon. The Japanese currency moved between a high of 120.15 and a low of 120.54 as trading progressed. In general, the yen is coming down off a recent week and a half low.
In trading with the euro, the yen fell steadily in Tuesday`s action. The decline brought the yen to a mark of 163.58 by the mid-afternoon action. Overall, the currency is at a multi-year low.
According to a preliminary report released by the Cabinet office, Japanese core machinery orders fell 4.5% on month in March, following a 4.9% decline in the prior month. Analysts were looking for a 1.5% increase in March.
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