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.
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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.
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