/www.fxserver.com/ Major currencies were rangebound, waiting from direction from the US after the Thanksgiving holiday there overnight and with the market largely ignoring this morning's weak economic data from Japan, dealers said.
"The currencies are staying in a range," said Hidehiko Inamura, a dealer at Citibank, noting the lack of impact from the Japanese numbers.
The Ministry of Economy Trade and Industry cut its assessment of industrial production after this morning's data, saying output is in a "flat trend", the first downgrade since February.
"The industrial output figure ... is a very important figure but up to now we have seen no real impact. I am very pessimistic about the Japanese economy," said Inamura.
The formal announcement tonight of the timetable for the government's financial sector-revival plan is expected to be a non-event, dealers said.
"I don't expect much," Inamura said.
Tokyo 11.30 am Sydney 9.05 am London 4.08 pm
Dollar
yen 122.29 up from 122.27 122.08
sfr 1.4843 down from 1.4845 1.4818
Euro
usd 0.9934 down from 0.9938 0.9954
stg 0.6409 up from 0.6407 0.6408
yen 121.48 down from 121.52 121.52
sfr 1.4745 down from 1.4755 1.4750
Sterling
usd 1.5499 down from 1.5510 1.5534
yen 189.53 down from 189.80 189.64
sfr 2.3005 down from 2.3044 2.3018
Australian dollar
usd 0.5609 up from 0.5608 0.5608
stg 0.3618 up from 0.3616 0.3610
yen 68.59 up from 68.58 68.46
© AFX News