Latest data released by the Japanese Cabinet Office - 11 January 2018
- Prior 106.5
- Coincident index 118.1 vs 117.9 expected
- Prior 116.4
This is just the preliminary reading. An improvement from the prior reading, and the uptrend continues.
The index is used as a reference to economic conditions, but most of the indicators used to make up the index has already been released individually - so there isn't much of an impact on this release.
The index basically measures up employment data, consumer confidence, production, housing, and stock market data, etc as its leading indicators to derive the number.
Not a major data point. USD/JPY now at 111.75, with the dollar sentiment improving on the day after reports saying China denies the halting of US Treasuries purchases.
