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The Japanese Yen weakened against its American counterpart, following the release of Japan's preliminary machine tool orders report. The USD/JPY currency pair gained eight base points, or 0.08%, reaching the 106.7190 level, to continue fluctuating in the 106.5000 area.
The Japan Machine Tool Builders' Association revealed on Monday that February preliminary machine tool orders grew only by 39.5%, following a 48.8% growth pace in the prior month. February was marked as the fifteenth consecutive month of year-on-year growth. However, insignificant but positive impact was felt on all the main pairs, following the release of the abovementioned report.
| Historical Data Table: Japan's Prelim Machine Tool Orders y/y | Economic Calendar for 13.03.2018 | ||||||||
| Date | 13.11.2017 | 11.12.2017 | 15.01.2018 | 13.02.2018 | 12.03.2018 | 11:30 AM | UK Annual Budget Release | ||
| Actual | 49.90% | 46.90% | 48.30% | 48.80% | 39.50% | 12:30 PM | US CPI m/m | ||
| Forecast | - | - | - | - | - | 9:45 PM | NZD Current Account | ||
| Initial Reaction on Main Pairs | SWFX Sentiment Indexes | ||||||||
| Open Price | Close Price | % Change | Longs | Shorts | |||||
| AUD/JPY | 83.93 | 83.972 | 0.05% | AUD/JPY | 74.21% | 25.79% | |||
| CAD/JPY | 83.249 | 83.313 | 0.08% | CAD/JPY | 55.51% | 44.49% | |||
| EUR/JPY | 131.379 | 131.454 | 0.06% | EUR/JPY | 54.60% | 45.40% | |||
| USD/JPY | 106.638 | 106.719 | 0.08% | USD/JPY | 66.20% | 33.80% | |||