The Traderszone Network

Published in TZ Latest News 18 May, 2014 by The TZ Newswire Staff

Spot Japan’s "Cash-For-Machine-Clunkers" Pre-Tax Boost

Given the total and utter lack of response from USDJPY, it should be clear that the exuberance that will be expounded tomorrow regarding Japan’s Machine Orders 19.1% MoM jump (more than tripling expectations) should be taken with the proverbial Keynesian drag-demand-forward pinch of salt. This is the biggest monthly jump in machine orders in 18 years as non-ferrous metals manufacturing jumped an impressive 270%.


read more