More disappointing data from Japan.

Nonetheless, expectations are high for a Bank of Japan rate hike tomorrow, this from the weekend is reflective of the news flow:

If the Bank of Japan once again hold off on a rate hike JPY is going to get slammed hard.

Japan machine orders 18 March 2024 2

***

The orders data is a highly volatile data series. Its seen as a leading indicator of capital spending in the coming six to nine months.