Japanese Yen futures rallied after a slight bounce from an 8-month low.

Japanese Yen futures saw a bounce from an 8-month low, with the December contract up 3 of the last 5 sessions. The yen saw a low of 6,625 and a high of 6,667.5. The market reacted to weaker-than-expected Japanese industrial production data, which was down 1.5% versus an expected 1.2% decline. The slowdown in the Japanese economy may affect the currency in the coming weeks. China's inflation data was also weaker, and as Japan's largest trading partner, reduced demand for Japanese goods could further weigh on the yen.