Japan core machine orders for January 2025:
+4.4% y/y
- expected +6.9%, prior +4.3%
For the m/m, a drop of 3.5%
- expected -0.1%, prior -1.2%
These data are a leading indicator of capital spending in the coming six to nine months. It’s a volatile data set.
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The Bank of Japan statement is due later, on hold is expected:
This article was written by Eamonn Sheridan at www.forexlive.com.