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Surprise!! Japanese Stocks Surge After Machinery Orders Crash 14.6% – Worst In 5 Years

Thursday, January 15, 2015 5:34
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zerohedge.com / by Tyler Durden on 01/14/2015 19:05

So much for that short-lived hope-fest that Abenomics was not a total and utter disaster. Japan Machinery Orders (excluding -rather ironically- volatile orders) plunged 14.6% Year-over-Year in November (missing expectations of a 6.3% drop) for the biggest fall since Nov 2009. In this new farcical normal of course, this is just what the surging JPY of the last week needed and it is now dumping back towards 117.50 dragging Nikkei futures 150 points higher with it!!

Massive miss and drop in Machine Orders…

and the ubiquitous “bad is good” ripfest in stocks/USDJPY

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The post Surprise!! Japanese Stocks Surge After Machinery Orders Crash 14.6% – Worst In 5 Years appeared first on Silver For The People.

Thanks to BrotherJohnF



Source: http://silveristhenew.com/2015/01/14/surprise-japanese-stocks-surge-after-machinery-orders-crash-14-6-worst-in-5-years-2/

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