Japan data – January Machinery Orders -1.7% m/m (expected -1.0%)
globalreutersMarch 17, 20241 Mins read More disappointing data from Japan.
Nonetheless, expectations are high for a Bank of Japan rate hike tomorrow, this from the weekend is reflective of the news flow:
If the Bank of Japan once again hold off on a rate hike JPY is going to get slammed hard.
***
The orders data is a highly volatile data series. Its seen as a leading indicator of capital spending in the coming six to nine months.
This article was written by Eamonn Sheridan at www.forexlive.com.
Recent Posts
Categories
Related Articles
USD/JPY weakens on BoJ hike speculation ahead of Trump’s inauguration
The Japanese Yen gained some ground compared to the US Dollar in...
US President Trump to stop short of imposing day-one tariffs – Reuters
US President-elect Donald Trump, who takes office on Monday, will reportedly refrain...
Druckenmiller: US dollar rally is in the ‘seventh inning’
Stanley Druckenmiller is on CNBC at the moment saying he doesn't have...
Starting Trump 2.0 with a firm USD – DBS
US President-elect Donald Trump’s inauguration on Monday should underpin the USD Index...
Leave a comment