Latest data released by METI - 25 April 2018
- Prior -1.8%; revise to -1.1%
The data is often referred to as the monthly GDP reading, it's a tracker production across all sectors of the Japanese economy and follows the GDP growth figures/trend.
The rebound likely shows that the prior month's reading was a blip more than anything else. But the year-on-year reading dipped to +1.1% compared to +1.8% in January. Although, accounting for seasonality factors the index jumped to 105.3 from 104.9.
A minor data point nonetheless. USD/JPY at 109.03 near the highs for the day as yields continue to flirt around the 3% level. EUR/JPY at 133.22 and GBP/JPY at 152.33, both also near the highs as well.
