Shutterstock photo
Markets

Japanese core machinery orders rise unexpectedly

Shutterstock photo

Shutterstock photo

Forex Pros - Japanese core machinery orders rose unexpectedly in March, official data showed on Monday.

In a report, Japan's Cabinet Office said core machinery orders rose by a seasonally adjusted 2.9% in March, after declining by -1.9% in February, whose figure was revised from a drop of -2.3%.

Economists had expected core machinery orders to plunge by -9.7% in March.

The data showed that year-on-year, core machinery orders increased at an annualized rate of 6.8%, after rising at a rate of 7.6% in February, confounding expectations for a drop of -8.0%.

Following the release of the data, the yen was down against the U.S. dollar, with USD/JPY climbing 0.18% to hit 80.94.

Forex News

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Other Topics

ForEx

Latest Markets Videos