Latest data released by the Japanese Cabinet Office - 8 March 2019
- Prior 45.6
- Outlook 48.9 vs 49.8 expected
- Prior 49.4
Slight delay in the release by the source. The reading is a survey on workers to measure up consumer spending and current economic conditions. A slight improvement of the current situation reading but the outlook reading fell again. A bit of a give and take here but not a release that matters all too much for the yen.
Right now, risk sentiment is dominating the trading landscape and China's poor trade figures earlier isn't really helping to give stocks much relief. That is in turn continuing to keep yen pairs pressured to the downside. USD/JPY sits at 112.27 currently.
