FXStreet (Guatemala) - Marc Chandler, Global Head of Currency Strategy at Brown Brothers Harriman noted that Japan published a final estimate for May industrial production. The initial estimate of 0.5% was lifted to 0.7%.



Key Quotes



"However, the data has been overshadowed by the sharp decline in machinery orders, a proxy for capital investment, and a collapse household spending. Forecasts of a 4-5% economic contraction in Q2 GDP (quarter-over-quarter annualized) are unlikely to change based on the final industrial output figures, barring, of course some significant surprise."



You May Also Like

COMPANIES IN THIS ARTICLE
Related Forex Analysis
  1. Forex News

    USD/JPY: full load down and neutral before breakouts

  2. Forex News

    FX Reversals: USDJPY Attempts Breakout

  3. Forex News

    USD/JPY keeps the neutral bias near term – Westpac

  4. Forex News

    USD/JPY: Pressuring into key fib resistance

  5. Forex News

    Pound May Rise as 2Q UK GDP Data Boosts BOE Rate Hike Bets

Trading Center
×

You are using adblocking software

Want access to all of Investopedia? Add us to your “whitelist”
so you'll never miss a feature!