The U.S. dollar inched up in the mid-102 yen range as traders' risk appetite was supported by a rebound in
At noon, the dollar fetched
The euro was quoted at
Market sentiment was buoyed by an increase of 8.8 percent in
The orders had logged a record drop of 19.5 percent in May and a 9.1 percent decline in April following a 3-percentage-point consumption tax hike on
Investors were relatively upbeat even though the rebound was smaller than market expectations of about 15 percent because "downside risks have subsided now that the machinery orders and gross domestic product data are out," said
The April-June GDP figure released Wednesday was mostly in line with economists' forecasts, shrinking an annualized 6.8 percent in real terms.
The euro was also bought against the yen after the machinery orders data, but the European currency could come under selling pressure after the release of the eurozone's April-June GDP data and a final reading of consumer prices in the area later Thursday, Moritani said.
"Recent economic indicators from
Most Popular Stories
- ecoATM Wins Green at LBA Sol Awards
- Can Barra Break GM's Losing Streak?
- Google Working on Pill to Search for Illnesses
- Marvel Unveils Slate of Films Through 2019
- FBI May Have Found 'Second Snowden'
- Lingerie, Partisanship Mark Fla. House Race
- IBM OK's $5 Billion Stock Buyback
- Grey Lady Ghost Appears at 'Game of Thrones' Site
- US Consumer Confidence Hit a High in October
- World Series Not Gripping to TV Viewers