Japan machinery orders +4.4% y/y (expected +6.9%) ...Middle East

+4.4% y/y

expected +6.9%, prior +4.3%

expected -0.1%, prior -1.2%

These data are a leading indicator of capital spending in the coming six to nine months. It's a volatile data set.

The Bank of Japan statement is due later, on hold is expected:

Economic calendar in Asia Wednesday, March 19, 2025 - Bank of Japan Day! This article was written by Eamonn Sheridan at www.forexlive.com.

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