The Japanese Yen depreciated by around 0.3 percent yesterday taking cues from upbeat global market sentiments in the early part of the trade, leading to decline in demand for the low yielding currency. However, positive industrial production data from the country restricted sharp fall. The Yen touched an intra-day low of 98.67 and closed at 98.49 on Wednesday. Japanís Manufacturing PMI rose to 54.2-mark in October from 52.5 level in September. Average Cash Earnings gained 0.1 percent in September as against a decline of 0.9 percent in August.
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