A stack of Japanese data:
May Machine Orders m/m, +0.6%
- expected -4.9%, prior +3.8%
Machinery Orders y/y, +19.3%
- expected is +16.7%, prior +3.0%
Well above expectations for the m/m, and above for y/y. These are positive for capex
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International Transactions in Securities:
- Japan Buying Foreign Bonds Y 205.2bn
- Japan Buying Foreign Stocks Y 483.8bn
- Foreign Buying Japan Bonds Y 476.5bn
- Foreign Buying Japan Stocks Y -185.4bn
Money Stock for June, M2 +3.8%
- expected +4.0%, prior was +4.0%
M3 +3.1%
- expected +3.3%, prior was +3.3%
And .... coming soon ... at 0030GMT Japanese PM Abe gives the keynote speech at the Economist's Japan Summit in Tokyo.
- Expected to speak on Abenomics '3rd arrow' structural reforms
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USD/JPY not doing a lot on the release ... it rarely does on Japanese data releases ...
On its highs for the session so far: