Japan Core Machinery Orders for June: -7.6% m/m (expected 2.0%)

  
  Analysis

Japan Core Machinery Orders for June -7.6% m/m

  • expected 2.0%, prior 1.7%
-22.5 % y/y
  • expected -17.5%, prior -16.3% y/y
Along with the data the government says it has cut its assessment on machinery orders, says they are declining (which is what the data is saying, yes).
Yen has shown a little strength on the session so far, USD/JPY has dropped under its US timezone lows.
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