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.