Forex
globalreutersJanuary 19, 20251 Mins read
Japan November machine orders rocket higher: +3.4% m/m (expected -0.4%) +10.3% y/y (+5.6%)
globalreutersJanuary 19, 20251 Mins read Core machinery orders data is a highly volatile series
- its used as a leading indicator of capital spending in the coming six to nine months
The Bank of Japan is meeting this week, on January 23 and 24. A rate hike is widely expected and data such as this, which is admittedly a volatile data point, will support such expectations.
This article was written by Eamonn Sheridan at www.forexlive.com.
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