JPY strengthens; Usd/Jpy down to 83.50

March 15, 2012 by · Leave a Comment 

Currency movement attributed to Japan ministry of finance official Nakao, stating one sided JPY rise could resume due to market speculation.

BOJ keeps o/n rate uncahnged at 0-0.1%

March 13, 2012 by · Leave a Comment 

* Asset-purchase fund unchanged at 30 trillion yen.

* Credit loan program unchanged at 35 trillion yen.

* BOJ sets up 1 trillion yen program for US dollar loans.

* BOJ will use existing US dollar reserves for loan program.

Policy was generally expected by market. The Jpy has gained versus Usd and Eur since release.

Eur/Jpy trades at 108.13, down 30 points. Usd/Jpy trades at 82.15, down 20 points.

Japan household confidence 39.5 vs. 40.8 expected

March 12, 2012 by · Leave a Comment 

usd/Jpy off about 10 points to 82.28 since release.

Japan’s Unemployment & Inflation Report

March 1, 2012 by · Leave a Comment 

Unemployment came in higher than expected and is the norm the market has had no reaction to this report.

  • Jobless Rate – Survey:4.5%   Actual:4.6%   Prior:4.6%
  • Job-to-App Ratio – Survey:0.72   Actual:0.73   Prior:0.71
  • Household Spending – Survey:-0.9%   Actual:-2.3%   Prior:0.5%

Deflation persisted in January, however the  CPI came in less deflationary than expected.

  • National CPI (YoY) – Survey:-0.1%   Actual:0.1%   Prior:-0.2%
  • National CPI ex Food/Energy (YoY) – Survey:-1.1%   Actual:0.9%   Prior:-1.1%

Japan’s Industrial Production

February 28, 2012 by · Leave a Comment 

Better than expected Industrial Production for January from Japan have given the risk pairs a bid here ahead of the Nikkei open.

  • Industrial Production (MoM) – Survey:1.5%    Actual:2.0%   Prior:3.8%
  • Industrial Production (YoY) – Survey:-1.6%    Actual:-1.2%   Prior:-4.3%

Markit/JMMA Manufacturing PMI in February Contracted to 50.5 vs. 50.7 prior

February 28, 2012 by · Leave a Comment 

Japan’s January Retail Sales

February 27, 2012 by · Leave a Comment 

Retail Sales improved in Japan in January as we see the USDJPY pair trade in the middle of the 80 handle as we’ve seen the USD weaken a touch  across the board to start the new day.

  • Retail Trade (MoM) sa – Survey:1.0%   Actual:4.1%   Prior:0.3%
  • Retail Trade YoY – Survey:-0.1%   Actual:1.9%   Prior:2.5%
  • Large Retailers’ Sales – Survey:-1.1%   Actual:-1.0%   Prior:-0.4%

Japan’s Corp Service Price Index Continues to be Deflationary @-0.2% (0.1% estimate/prior_

February 23, 2012 by · Leave a Comment 

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