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.
