Latest data released by Japan's METI - 11 July 2018
- Prior +1.0%
Slight delay in the release by the source. The statistic basically measures the total value of services purchased by Japanese businesses over the month. A slight beat relative to estimates, and that should add some comfort for the Japanese economy which has been stuttering as of late. A minor data point though.
The market is more focused on much bigger things right now. USD/JPY sits steady at 111.05 currently with EUR/JPY at 130.20 and AUD/JPY continuing to track lower at 82.24.
