How about that yen, eh?
–
May Machine Orders: -19.5% m/m
May Machine Orders: -14.3% y/y,
- Japan government cuts machinery orders assessment
- Japan government says machinery orders increasing trend seen stalling
- Core machinery orders largest monthly decline on record
- Casting doubt over the outlook for a pickup in capital spending
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And yen goes up?
It’s the FX markets’ very own CYNK
But, I digress ….
Currently around 101.33
USD/JPY
- Sellers 101.70 through 102.05 and more 102.20/40
- Buyers 100.95/101.10 then 100.75
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EUR/JPY
- Some sellers 138.00 then 138.50
- Buyers 137.40, stops below, Buyers again 136.90/00
