Japan Core Machinery orders for July: +11.0% m/m (expected 5.5% m/m)

Author: Eamonn Sheridan | Category: News

Japan's Cabinet Office with a data point used as an indicator for capex to come down the pipeline, in around 6 to 9 months

+11.0 % m/m for a beat
  • expected 5.5% y/y, prior 0.3%
 +13.9 % y/y and also a beat
  • expected 4.3% m/m, prior -8.8%

This is a volatile data set, so keep that in mind. In the Q2 GDP data cape was a big contributor, and that seems it may continue. 

It seems like yen is not bothered at all.
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