Latest data released by the Japanese Cabinet Office - 7 February 2018
- Prior 108.3
- Coincident index 120.7 vs 120.5 expected
- Prior 117.9
A minor data point. The coincident index reading is pretty decent though, but not all too important.
The index is used as a reference to economic conditions, but most of the indicators used to make up the index has already been released individually - so there isn't much of an impact on this release.
The index basically measures up employment data, consumer confidence, production, housing, and stock market data, etc as its leading indicators to derive the number.
USD/JPY near the lows on the day at 109.23, EUR/JPY at 135.33 and GBP/JPY at 152.56 as the yen gains a little across the board.
