The typical/expected market impact of this event is low.
The consensus forecast for Machinery Orders (MoM) is -8.1%. A higher value than forecast tends to be bullish for JPY/xxx pairs and bearish for xxx/JPY pairs.
Higher numbers than forecast tend to be bullish for JPY/xxx pairs and bearish for xxx/JPY pairs.
The most recent announced value for Machinery Orders (MoM) was 13.6% against a forecast of -1.1%.
Recent economic data has been strongly bullish for JPY. Other recent announcements which may affect the market's interpretation of the next Machinery Orders (MoM) result:
| Previous | Latest | ||||
|---|---|---|---|---|---|
| Gross Domestic Product (QoQ) | Bullish change | 0.2% | 0.5% | ||
| Gross Domestic Product Annualized | Bullish change | 0.8% | 2.1% | ||
| Gross Domestic Product Deflator (YoY) | (no change) | 3.4% | 3.4% | ||
| Current Account n.s.a. | Bullish change | ¥3932.7B | ¥4681.5B | ||
| Labor Cash Earnings (YoY) | Bearish change | 3.4% | 2.7% |
| Country: | Japan |
|---|---|
| Currency: | JPY |
| Source: | Japanese Cabinet Office |
| Category: | Economic Activity |
| Frequency: | Monthly |