• January’s reading was -3.7%, revised to -3.6%
  • Non-defense ex-air +1.2% vs +2.0% exp
  • Non-defense ex-air prior revised to -3.7% from -3.9%
  • Ex-transport +1.6% vs +1.7% exp

A touch of weakness in USD/JPY and fresh session lows for cable and AUD after the release