Japan February final industrial production +0.7% vs +1.4% m/m prelim

Author: Justin Low | Category: News

Latest data released by METI - 17 April 2019

  • Final industrial production -1.1% vs -1.0% y/y prelim
Slight delay in the release by the source. Preliminary figures can be found here. Looks like February data shows a softer bounce than initially anticipated. However, it's still a welcome development for the Japanese economy after monthly industrial production fell in January by the most since January 2018.

Given that these are final readings, they aren't going to matter all too much for the yen in any case. USD/JPY is seen steady around 111.95 currently as once again a firm breakaway above 112.00 remains elusive.

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