The dollar ever-so-slightly ticked lower against the yen after a weaker-than-expected October industrial production report. The dollar went to Y81.15 from Y81.19 just before the report was released. Industrial production dropped 0.4% last month compared with an estimate for a rise of 0.2%. The dollar has been treading a narrow range near flat on the session for most of early New York trading, which is where it remained after the industrial production data. The dollar traded at Y81.17 late Thursday, according to EBS via CQG. After a big move higher in dollar-yen in recent days, investors have taken a breather, which is probably why there was minimal reaction to the industrial production report.
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