USD/JPY was trading slightly lower on Wednesday, enough to break below the mark of 108.50. Demand for the safe- haven yen rose after reports of massive protests in Hong Kong, which could put in jeopardy the functioning of one of the most important financial hubs in Asia. Rising trade tensions between China and the US have also pushed investors toward the safe- haven yen. In Japan, Japan’s machinery orders unexpectedly rose for a third straight month in April. Cabinet Office data released on Wednesday showed core machinery orders increased 5.2% in April from the previous month. Later in the US, fresh monthly inflation data will be released at 13:30 GMT+1.