Japanese data has a tendency to not move the forex much at all upon release, but you never know.
Better to be prepared!
Due today 2350 GMT, industrial production and retail sales
Industrial production for January, preliminary
- expected -2.5% m/m, prior -0.1%
- expected 1.3% y/y, prior -1.9%
Its not new news that industrial output is being buffeted by the US - China trade wars. Also of impact, Japanese exports to China have fallen at a quick pace, is a the slow down in demand domestically in China. Manufacturing sentiment has given a heads up to the weakness showing in output, confidence has been on the soft side. One caveat to placing too much emphasis on the January number is the impact of Lunar New Year holidays in China. Jan and Feb distortions are not unusual.
Retail sales for January is also due at 2350GMT
- expected -0.8% m/m, prior 0.9%
- expected 1.4% y/y, prior 1.3%
