Latest Japanese data released by METI a while ago
The seasonally adjusted index rose to 104.9 - backed mostly by business services as it rose 1.0% from the previous month (personal services was lower on the month).
The statistic basically measures the total value of services purchased by Japanese businesses over the month.
It's just a general economic sentiment indicator - as you know, improving market conditions leads to better business optimism which leads to more expenditure/growth in services offered by the businesses.
USD/JPY is still subdued on the day, like most major pairs, currently at 113.49. It's been trading within a range of 113.44 to 113.58 today.
