Japan Core Machinery orders for July: +11.0% m/m (expected 5.5% m/m)

Japan's Cabinet Office with a data point used as an indicator for capex to come down the pipeline, in around 6 to 9 months

+11.0 % m/m for a beat

• expected 5.5% y/y, prior 0.3%

+13.9 % y/y and also a beat

• expected 4.3% m/m, prior -8.8%

This is a volatile data set, so keep that in mind. In the Q2 GDP data cape was a big contributor, and that seems it may continue.

It seems like yen is not bothered at all.