Yen Pares Losses After Japan's Machinery Orders Rise More Than Expected

(Bloomberg) -- The yen pared losses as Japan's
machinery orders, a key indicator of corporate spending plans,
rose for a second month in May.

Signs of a stronger economy may support the central bank's
case for raising interest rates, increasing the attractiveness of
Japanese assets. The yen has weakened 3.5 percent against the
dollar and 6.5 percent versus the euro this year as investors
sent money overseas in search of higher yields.


Read more at Bloomberg Currencies News