Japanese factory output slows | 12 Octubre 2023
12 Octubre 2023, USD/JPY
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.
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