country flagالعربية
0

Japans main machinery orders fell by 3.7 percent on a monthly basis in May

2018-07-11 07:48 am | Resource: NEWS | No Views : 44

Japan's main machinery orders fell 3.7 percent on a monthly basis in May, the Cabinet Office said Wednesday, at 907.9 billion yen.

The headline figure exceeded expectations for a 4.9 percent drop after a 10.1 percent rise in April.

Year-on-year, mechanical orders rose 16.5 per cent - and again exceeded expectations by 10.9 per cent after the jump of 9.6 per cent the previous month.

The total value of machine orders received by 280 manufacturers in Japan increased by 3.2 percent on a monthly basis and 15.4 percent year-on-year in May at 2,587.5 billion yen.

Manufacturing orders rose 1.3 per cent on a monthly basis and 26.2 per cent year-on-year to 453.8 billion yen, while non-industrial orders rose 0.2 per cent on a monthly basis and 8.4 per cent year-on-year to 478.7 billion yen.

Government orders rose 6.1 per cent on a monthly basis and 36.4 per cent year-on-year to 274 billion yen, while overseas orders jumped 1.8 per cent on a monthly basis and 11.6 per cent year-on-year to 1,051.2 billion yen, Through the agencies by 5.5 per cent per month and 7.3 per cent year on year to 137.5 billion yen.

For the second quarter of 2018, core machinery orders are expected to rise 7.1 percent year-on-year and 7.9 percent year-on-year to 2806.8 billion yen.

Also on Wednesday, the Bank of Japan said Japan's producer prices rose 0.2% month-on-month in June, in line with expectations and fell from 0.6% in May.

Year on year, producer prices rose 2.8 percent - again matching estimates and rising from 2.7 percent the previous month.

Export prices rose 0.1 percent on a monthly basis and 3.5 percent year-on-year in June, the bank said, while import prices rose 1.8 percent per month and 10.5 percent year-on-year


Other analysis

USDJPY Technical analysis 19 July 2018

Time frame Used - four hours The USDJPY is moving in a sideway direction in the near term The USDJPY still faces resistance around the 112.90 level   In view of the technical indicators Both the RSI and the Stochastic are indicating to the arrival of indicators in the overbought area Accordingly, we expect that  the USDJPY will  retreat to 112.19   The alternative scenario is that the USDJPY breach…

More analysis

Best trading brokers

All Rights Reserved
Risk Disclaimer: Trading in foreign exchange market (Forex) includes the risks and the possibility of loss. That is why we are keen on providing the highest quality news and analysis concerning the different markets traded. The opinions expressed in the site indicate the opinion of the author only and not the views of the administration or the public, knowing that errors could be encountered and there is a possibility to commit them. Before starting to trade you should carefully consider your investment objectives, and review the level of experience and risk appetite. In some cases, possible high leverage can lead to loss of funds invested, so you can not invest money that you can not handle its possible loss. You should be aware of all the risks associated with foreign exchange trading and seek for advices from an independent financial advisor if you have any doubts.TradingPekk.com does not assume any responsibility after the occurrence of financial loss to the dealer and the user carries full responsibility for the losses resulting from the use of news, analysis and data on the site.