Japan’s tertiary industry index declined more than expected in December, according to data released on Wednesday. The index fell by 0.9% month-over-month, disappointing economists’ expectations for only a 0.2% drop to follow November’s revised 0.1% fall. In the aftermath of the downbeat Japanese data, USD/JPY rose by 0.09 yen to a new session high – just – of 90.29 before stabilizing.
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