Japan May current account 1.654 trl yen surplus vs 1.793 trn est. and 1.952 trl prior

Japan May Mahchinery orders plunged -3.6%mom vs +1.7% est. and -3.1% prior.

 

USDJPY little changed at around 114.00 while N225 opened just above 20k handle and so far stating firm.

News out that PM Abe to reshuffle his cabinet on the back of a major defeat at Tokyo Assembly election and big decline in Abe’s supporting rate as of late. New cabinet members will be announced on August 3rd.