USD/JPY Technická analýza - USD/JPY Obchodování: 2025-03-19

Japan’s machinery orders decline accelerated in January: the Cabinet Office of Japan reported private-sector machinery orders, excluding volatile ones for ships and those from electric power companies, fell by 3.5% over month in January after 1.2% decrease in December when an 0.1% decline was forecast. It is the steepest decline since late 2023. Orders from the manufacturing sector fell 1.3%, while non-manufacturing orders slumped 7.4%. Machinery orders are important indicator for capital spending, which is essential for economic growth. Indication of lower capital spending is bearish for yen and bullish for USDJPY. At the same time, while Japan’s trade deficit shifted into surplus, it fell short of expectations: the trade balance recorded a surplus of ¥584.5 billion in February from a deficit of ¥415.43 billion in the same month a year earlier, below expectations for a ¥722.8 billion surplus. Slower than expected increase in trade surplus is also bearish for yen and bullish for USDJPY.