Germany's factory orders saw a stronger-than-expected increase of 1.9% in May, surpassing forecasts which had predicted a 1.2% rise, according to FX Street.
This follows a revised decline of 3.2% in April, an upward adjustment from the previous estimate of a 3.8% drop. The data released on Monday signals a rebound in industrial demand after the earlier contraction.
For Japanese investors and traders, this development in Europe’s largest economy could influence risk sentiment and currency flows, particularly against the yen in FX markets.