Japan December construction orders +4.8% y/y vs +10.1% expectedPrior was +11.6% y/yThere’s a consistent theme of sharp deceleration in Japanese data released today. The rising covid case rate along with this point to a rough first quarter. The yen is the laggard to start the week.
Source: Japan December construction orders +4.8% y/y vs +10.1% expected (http://forex.wine/japan-december-construction-orders-4-8-y-y-vs-10-1-expected/)
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