This indicator shows industrial, manufacturing machinery new orders for January

+15.0 % m/m

  • expected +1.9%, prior +4.2%

+8.4 % y/y

  • expected -3.8% and prior -3.6%


Whats the difference between Japanese machine tool orders results and an egg?

I doubt you could beat an egg that hard

HUGE results, massive beat on expectations.

A positive for the Japanese administration who have been looking for better results on business investment/capex, this is a sign of better on that front. We have a BOJ meeting happening today and tomorrow (Japan time), with the decision and statement (and a presser from governor Kuroda) due Tuesday (Japan time).

This sort of result will make further easing less likely, although expectations fo anything from this meeting are very, very low anyway. Its a positive for the yen in that respect ... and if you're watching rates you'll notice the yen has, well weakened (USD/JPY up a few points). LOL. Japanese data, if we ain't ignoring it we're fading it!