It's a Zero Config IP address. Most likely a host with zero config enabled, pretty much all Windows by default, was unable to get an IP from DHCP.

On 10/28/2015 9:04 AM, Timothy Murphy wrote:
Why does "arp -a" show IP address 169.254.192.123
on my 192.168.2.0 home network?
I recall seeing this IP address somewhere,
but don't remember where.


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