Japan March tertiary industry index -0.4% vs +0.1% m/m expected … FOREX LIVE
Japan March tertiary industry index -0.4% vs +0.1% m/m expected
Author : Justin Low
The statistic basically measures the total value of services purchased by Japanese businesses over the month.
Although this feeds into the already sluggish Q1 data in the Japanese economy, it is data points like these that continue to suggest that not all is well as the government plans to raise the sales tax later this
year in October.
USD/JPY holds weaker still on slightly weaker yields and softer risk mood, now at 109.66 near session lows for the day.