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Weaker data from Japan likely decline in JPY

In Japan machinery orders showed weaker than expected data, results reported were 1.3% versus 4.6% expected and -6.4% for the previous reporting period of months and -14.6%, compared to 6.4% forecast and -4.9% in the previous reporting period a year earlier. CGPI index on a monthly basis showed -0.4% to -0.2% for the previous period and forecasts of -0.3% and an annual 1.9% from 2.7% in the previous period and forecasts of 2.2%. Possible decrease of JPY in the coming hours.

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