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Japan’s Cabinet Office raises its assessment on machinery orders

more to come

Japanese Core Machinery Orders for April dropped

-2.9% m/m

first m/m, the first m/m fall in 3 months. However, they didn’t fall as much as expected:

The ‘not as bad as we expected’ has Japan’s Cabinet Office breaking out the high fives, upgrading their assessement.

This article was written by Eamonn Sheridan at www.forexlive.com.

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