January 19, 2025 at 11:52PM
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.
Japan November machine orders rocket higher: 3.4% m/m (expected -0.4%) 10.3% y/y (5.6%)