The yen advanced against its Group-of-10 peers amid month-end trading flows, and as risk sentiment took a hit from slower Chinese industrial profit growth and losses in stocks.
The yen's gains may be attributable to demand from Japanese exporters as month-end is approaching, says Yukio Ishizuki, senior currency strategist at Daiwa Securities.
USD/JPY fell as much as 0.4% to 148.89, with losses seen into the Tokyo fix and after the release of the China data, according to a trader.
Profits at China's industrial companies rose 2.7% from a year ago in October, down from an 11.9% gain in the prior month, according to the National Bureau of Statistics. All major stock gauges in Asia dropped.
The Bloomberg Dollar Spot Index was little changed after declining 0.5% last week. Treasury 10-year yields rose two basis points to 4.49%.
Source : Bloomberg
