Japan’s 3rd Qtr Tankan

  • Large manufacturer -3 (survey -4, prior -1).
  • Non-manufacturing 8 (survey 6, prior 8).
  • Large manufacturer outlook -3 (survey-5, prior 1).
  • Non-manufacturer outlook 5 (survey 6, prior 6).
  • Large all industries Capex 6.4% (survey 5.0%, prior 6.2%).

Large manufacturers see USD/JPY at 79.06 in FY2012.

USD/JPY trading at 77.96/98 comatose on what looks like better than expected numbers.

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