Japan May preliminary machine tool orders +14.9% vs +22.0% prior

Latest data released by the Japanese Machine Tool Builders' Association - 11 June 2018

The reading measures the change in total value of new orders placed with Japanese machine tool manufacturers. Low-tier stuff.

A continued drop in new orders. That's not a good sign on the manufacturing front and will feed into other key economic data for the country.

Nonetheless, this data itself isn't going to matter all too much. USD/JPY trading near the highs now at 109.82, with EUR/JPY and GBP/JPY at session highs of 129.64 and 147.32 respectively as the yen falls further on the day.

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