Investing.com – Japanese core machinery orders rose broadly in line with market expectations in May, official data showed on Thursday.
In a report, Japan’s Cabinet Office said core machinery orders rose in line with expectations by a seasonally adjusted 3.0% in May, after declining by 3.3% in April.
Year-on-year, core machinery orders increased at an annualized rate of 10.5%, after declining at a rate of 0.2% in April, falling short of expectations for 10.9% increase.
Following the release of the data, the yen was down against the U.S. dollar, with USD/JPY easing up 0.06% to trade at 80.97.
In a report, Japan’s Cabinet Office said core machinery orders rose in line with expectations by a seasonally adjusted 3.0% in May, after declining by 3.3% in April.
Year-on-year, core machinery orders increased at an annualized rate of 10.5%, after declining at a rate of 0.2% in April, falling short of expectations for 10.9% increase.
Following the release of the data, the yen was down against the U.S. dollar, with USD/JPY easing up 0.06% to trade at 80.97.