Japan data - Industrial Production (preliminary for March) +0.3% m/m (expected 0.5%)

Preliminary Industrial Production data from Japan for March 2022.

+0.3% m/m

• expected 0.5%, prior 2.0%

-1.7% y/y

• prior 0.5%

Industrial Production forecast 1m ahead (i.e. April) +5.8% m/m

Industrial Production forecast 2m ahead (May) -0.8%

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Yen is barely responsive. Focus is on the Bank of Japan later in the session:

• BoA on the yen heading into the Bank of Japan decision Thursday 28 April 2022
• The Bank of Japan policy meeting is today - here is every preview of it

• Bank of Japan meet - expected to upgrade their inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term forecasts

• The Bank of Japan is expected to keep policy settings unchanged
• Renewed yen weakness raises the intervention question again

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Industrial Production data is released by the Ministry of Economy, Trade and Industry