Flash PMI readings from Japan for January, Jibun / Markit report.
Manufacturing 48.9, 3rd month of contraction in a row
- prior 48.9 also
factory output & new orders fell for a seventh consecutive month
Services 52.4, to a 3 month high
- prior 51.1
Composite 50.8, into expansion for the first time in 3 months
- prior 49.7
USD/JPY update, down a few tics:
![usdyen preliminary January pmi 2023](https://images.forexlive.com/images/usdyen%20preliminary%20January%20pmi%202023_id_1fd6a75d-2b50-45ab-835c-60486343e49e_size900.jpg)