Japan data:
February Core Machinery Orders +1.5% y/y (expected -0.9%, prior +4.4%)
- +4.3% m/m (expected +1.2%, prior -3.5%
This is encouraging data. The caveat is, of course, that its for February, before the Trump tariffs hit the fan.
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The 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
This article was written by Eamonn Sheridan at www.forexlive.com.
