USD-JPY dove to a two-week low at 122.49, and EUR-JPY fell to a one-week low. AUD-JPY was a driver following a speech by RBA Governor Stevens, while BoJ's Kuroda said that it cannot be assumed that the yen will weaken on a Fed rate hike if such action is already priced in, and that Japan's economy is recovering moderately. Japan core machine orders also rose 3.8% in April after a 2.9% gain in March, though total orders fell 1.1% to partially erase March's 1.8% increase. EUR-USD settled in the high 1.12s and low 1.13s after recovering from yesterday's decline to 1.1214.
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