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Japan November Machinery orders collapse -4.9% m/m (vs. expected -0.8%)

  • Admittedly this is a volatile data series but this is a huge shunt lower
Eamonn Sheridan
17/01/2024 | 23:50 GMT
Japan machine orders capex November 2023

What a dreadful data point. USD/JPY little changed.

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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.

***

Earlier:

  • The rapid drop in the yen likely to be met by some sort of attempt at verbal intervention

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