Japan January industrial output -1.1% m/m
expected -1.2%, prior -0.2%for the y/y its +2.6%
Manufacturers forecast for 1 month ahead, February, is +5.0%
prior +1.0%for 2 months ahead, March, -2.0%
prior -1.2%The data of focus so far from Japan has been:
Tokyo February headline CPI +2.9% y/y vs. +3.2% expectedThe yen has weakened on the CPI data, at the margin it suggests less urgency on Bank of Japan rate hikes.
This article was written by Eamonn Sheridan at www.forexlive.com. Read More Details
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