Japan data - July core machinery orders +5.3% (smashing expectations, which were -0.8%)

Japanese data taking a back seat to other developments today.

USD/JPY skyrocketed on the CPI surge:

• Forexlive Americas FX news wrap: USD soars on CPI, equities crushed

Then comments out of the MoF put a lid on it, for now:

• Japan's Kanda (top FX guy at the MoF) says is concerned about the recent sharp yen moves

The data: