JPY strengthens; Usd/Jpy down to 83.50
March 15, 2012 by Vincent Facchino · 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 Vincent Facchino · 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 Vincent Facchino · Leave a Comment
usd/Jpy off about 10 points to 82.28 since release.
Japan’s Unemployment & Inflation Report
March 1, 2012 by Alex Chernomordin · 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 Alex Chernomordin · 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 Alex Chernomordin · Leave a Comment
Japan’s January Retail Sales
February 27, 2012 by Alex Chernomordin · 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 Alex Chernomordin · Leave a Comment
