Yesterday we got part 1 of the Bank of Japan Tankan survey report for Q3
The Bank of Japan's survey of manufacturing and service companies
Today brings the second part, the Corporate Price Expectations results:
Japanese firms expecting:
- Consumer prices to rise 0.8 pct a year from now vs +0.9 pct in Q2 survey
- Consumer prices to rise an annual 1.1 pct 3 years from now vs +1.1 pct
- Consumer prices to rise an annual 1.1 pct 5 years from now vs +1.1 pct
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Just on the USD/JPY - yesterday I referred to Japanese exporter sell orders around 114 figure and how the price would be held there. That is still relevant.
- Still sellers clustered now just over 114.00.
- A bit higher sellers again 114.25 then 114.50.
