Another better than expected data point from Japan's economy.
USD/JPY is not a lot moved on the data release - its had huge swings in response to the FOMC and talk of a Bank of Japan pivot as early as January:
- Forexlive Americas FX news wrap: 2024 dot falls further. No pushback from Powell.
- Is the Bank of Japan planning to exit negative rates sooner than expected?
- USD/JPY is extending its losses, on approach to 142.00
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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.
