Japan October leading indicator index 106.1 vs 106.1 expected

Author: Justin Low | Category: News

Latest data released by the Cabinet Office 7 Dec 2017

This is the preliminary reading. The release is slightly lower than previous two months, but so far 2017 numbers are much improved compared to 2016.

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.

Full report here.

USD/JPY is still trading at 112.43. It's been a relatively quiet session so far for the pair - relative to yesterday's swing. But the pair is trading higher on the day, as equities market in Asia recover some of its losses over the last two days and US 10-year yields are also higher on the day trading at 2.34% now.

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