Japan data sees Machine orders decline, Bank Lending contracts

Joshua Gibson FXStreet

Japan saw a healthy data dump in the early Thursday trading session, covering a range of low- and mid-tier data from foreign bond investment to machine orders in September.

Key highlights

Annualized Bank Lending into October fell to 2.2% versus the expected 2.4% (previous 2.3%).
Foreign investment in stocks rebounded to ¥107.6 billion after declining by ¥-356.9 billion, while Foreign bond investment from January 4th recovered to a still-contracting reading ot ¥-167.3 billion (previous ¥-1.075 trillion).
Japan's non-seasonally adjusted Current Account for September held relatively steady at ¥1.82 trillion (last ¥1.83 trillion).
Annualized Machinery Orders into September fell sharply by -7% versus the expected 7.7% (previous 12.6%, while the m/m orders fell by a sharp -18.3% (forecast -10%, last 6.8%).

Author

Joshua Gibson

FXStreet

Joshua joins the FXStreet team as an Economics and Finance double major from Vancouver Island University with twelve years' experience as an independent trader focusing on technical analysis.

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