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

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

Japan core machine orders for January 2025:

+4.4% y/y

    expected +6.9%, prior +4.3%

    For the m/m, a drop of 3.5%

    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.

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    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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