Japan Core Machinery Orders for June -7.6% m/m

  • expected 2.0%, prior 1.7%

-22.5 % y/y

  • expected -17.5%, prior -16.3% y/y

Along with the data the government says it has cut its assessment on machinery orders, says they are declining (which is what the data is saying, yes).

Yen has shown a little strength on the session so far, USD/JPY has dropped under its US timezone lows.