Japanese factory output slows | 12 Octubre 2023

12 Octubre 2023, USD/JPY

Japanese factory output slows

USDJPY trading plan:

Japan core machinery orders fell for a second straight month in August, suggesting worries about a global economic slowdown and China's wobbly recovery may be hurting companies' appetite to make fresh investments. Core orders, a highly volatile data series regarded as a barometer of capital expenditure in the coming six to nine months, slipped 0.5% in August from the previous month, Cabinet Office data showed. Capital spending is one of the key drivers for the world's third-largest economy and a major indicator of business confidence.

Investment idea: buy 148.85 and take profit 149.45.


The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
David Johnson
Analyst of «FreshForex» company
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