Latest data released by the Japanese Machine Tool Builders' Association
- Prior -17.0%
The reading measures the change in total value of new orders placed with Japanese machine tool manufacturers. On a monthly basis, factory orders rose by 3.0% following declines of 5.7% and 9.0% seen in November and October respectively. Regardless, when compared to a year ago, the volume of factory orders for both domestic and foreign/overseas orders are relatively underwhelming.
A minor data point but it's not exactly the kind of thing Japanese authorities would like to see. USD/JPY sits near the highs for the day at 108.72 currently as risk sentiment remains buoyed ahead of European trading.
