Japan February tertiary industry index -0.6% vs -0.2% m/m expected

Author: Justin Low | Category: News

Latest data released by Japan's METI - 16 April 2019

  • Prior +0.4%
Slight delay in the release by the source. The statistic basically measures the total value of services purchased by Japanese businesses over the month. The reading falls for the month of February but it isn't one to really impact the yen. The data here feeds into the mixed/slightly softer economic data readings in the Japanese economy in Q1.

USD/JPY is holding a little lower on the day as it continues to challenge resistance around the 112.00 handle since trading yesterday.

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