Japan November Machinery orders collapse -4.9% m/m (vs. expected -0.8%)

<p>What a dreadful data point. USD/JPY little changed.</p><p>***</p><p>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.</p><p>***</p><p>Earlier:</p><ul><li><a href="https://www.forexlive.com/centralbank/the-rapid-drop-in-the-yen-likely-to-be-met-by-some-sort-of-attempt-at-verbal-intervention-20240117/" target="_blank" rel="follow" data-article-link="true">The rapid drop in the yen likely to be met by some sort of attempt at verbal intervention</a></li></ul>

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