December Japanese Yen futures traded lower, hitting its lowest level since February 3rd and marking a 42-week low. The Yen has fallen over 4% across the last 22 sessions. Mixed economic data from Japan showed GDP contracting by -0.4% quarter-over-quarter and -1.8% year-over-year, figures that were not as weak as the market had feared. Positively, industrial production rose 2.6%, beating the 2.2% expectation. The US dollar edged higher against the Yen as traders anticipate upcoming US labor data, which may influence the Federal Reserve's rate decisions; the CME FedWatch tool currently places the probability of a rate cut in the low 40% range.