Japan February Industrial Output (preliminary) +2.5% m/m (expected +2.3%, prior -1.1%)

  • Solid result

Japan February Industrial Output (preliminary) +2.5% m/m

  • expected +2.3%, prior -1.1%

For the y/y, +0.3%

  • prior +2.2%

One month ahead forecast is +0.6%

  • prior +0.5%

2 month ahead forecast is +0.1%

  • prior -2.0

Productions was stepped up to fill orders front running US tariffs.

USD/JPY update ... sitting near session low:

usdyen update retail indistrial 31 March 2025

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