Japan Core Machinery Orders for April +0.6% m/m (expected 2.5%)

Japan Core Machinery Orders for April +0.6% m/m

  • expected 2.5%, prior 3.7% m/m

+6.5% y/y

  • expected 8%, prior -2% y/y

Used as a capex indicator for Japan in the 6 – 9 months ahead

USD/JPY not moved too much upon this release and the trade balance at the same time.
USD/JPY chart 16 June 2021