FXstreet.com (Sydney) - The USD/JPY is consolidating after falling from just under Y90.00 to be trading at 89.53. The pair at one point dropped to 89.47. Currently the USD/JPY finds resistance at 91.35 with support at 89.20. Likely trend is down with the outlook for the pair being slightly bearish.
Meanwhile in Japan, machinery orders rose by 10% in September signalling that firms may start spending once again on plant and equipment. Companies such as Toshiba will be building factories once more or increase capacity. Another report due on November 16th is likely to show that Japan's economy grew at close to 3% for the quarter.
In the US, Federal Budget Balance report is out on Thursday, while unemployment claims data is out this Friday.