Commentary:
Details of that factory orders report worse than the headline suggests... as the core (nondefense capital goods orders ex aircraft) was revised down to a -3.4% monthly drop from a previously reported -2.9% decline. Could see “risk” stall a touch here. US yields are charging higher, however, and this should continue to support the yen crosses.
Details of that factory orders report worse than the headline suggests... as the core (nondefense capital goods orders ex aircraft) was revised down to a -3.4% monthly drop from a previously reported -2.9% decline. Could see “risk” stall a touch here. US yields are charging higher, however, and this should continue to support the yen crosses.
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