USD/JPY Lower, Japan Tool Orders Rise

USD/JPY is trading at 113.01, down 1.15.

Japan's Cabinet Office reported that year over year machinery orders rose 10.4 percent in November compared to a 5.6 percent fall in October. On the month, machinery orders decreased by 5.1 percent during November following a 4.1 percent rise in October.

Monday evening Japan's Machine Tool Builders Association (JMTBA) reported that year over year machine tool orders in Japan rose 4.4 percent during December versus a decline of 5.6 percent in November.