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Japanese factory output slows

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.

David Johnson
Analyst of «FreshForex» company
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