The data is here:
It took a few minutes but USD/JPY is down a little after the data.
The machine orders data is volatile m/m … but this was a biggie! (Largest m/m rise in the history of this data set … which goes back to 2005)
I donlt don't know if the yen move is in response, TBH. The narrative fits, it goes something like this (arrows for short-hand:
Japanese data good --> less liklely the BOJ will ease further --> yen strength.
Of course the hole in that argument is the BOJ have an inflation target that's not even close so they'll keep on easing … no end in sight. Especially with everyone else around the globe easing!
The right hand side is the data move. Over on the left is the Trump tweet move.
Tweet > data ….
