Japan Jibun June preliminary Manufacturing PMI 49.8 (prior 50.6)

Japan flash Manufacturing PMI for June 2023

Comes in back in contraction at 49.8

• prior 50.6

Services PMI preliminary is 54.2

• prior 55.9

We had 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 data from Japan earlier:

• Japan CPI for May, headline 3.2% y/y vs. 3.5% prior

Other:

• After the over 100+ point up in USDJPY overnight be on the alert for intervention comments
• The inflation data from Japan today is going to reignite speculation of BOJ policy change