Latest data released by the Japanese Machine Tool Builders' Association
- Prior -0.7%
The reading measures the change in total value of new orders placed with Japanese machine tool manufacturers. That's a considerable dip but then again these are yearly estimates but still it doesn't show that factory orders are on the up for the Japanese economy. A minor data point.
USD/JPY sits at 113.13 currently just off the lows as equities sentiment remains a little tepid ahead of European trading despite the recovery in Wall St overnight.
