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Japan data: February Core Machinery Orders +1.5% y/y (expected -0.9%, prior +4.4%)

Japan data: February Core Machinery Orders +1.5% y/y (expected -0.9%, prior +4.4%)+4.3% m/m (expected +1.2%, prior -3.5%This is encouraging data. The caveat is, of course, that its for February, before the Trump tariffs hit the fan. ---The core machinery orders data is a highly volatile seriesits used as a leading indicator of capital spending in the coming six to nine months This article was written by Eamonn Sheridan at www.forexlive.com.

Japan data: February Core Machinery Orders +1.5% y/y (expected -0.9%, prior +4.

4%) +4.3% m/m (expected +1.2%, prior -3.

5% This is encouraging data. The caveat is, of course, that its for February, before the Trump tariffs hit the fan. --- The 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.