Much stronger than expected machinery orders out of Japan, but as usual traders don’t know whether to buy or sell JPY in a market which always ignores Japanese fundamentals! Slightly pro-growth and therefore pro-risk I’d suggest.
2 Responses to “Japan December machinery orders +20% MoM Vs 8% expectations”
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AUTOREFRESH 
Sean, I am with you on the JPY confusion. Given the treasury yields up and stocks up in US, I would have thought USD/JPY would go up more by now…
I’ve given up on USD/JPY Stev, too hard. Won’t move for weeks then moves 300 pips in a session.