Japan Q1 Capex +0.3% q/q and +3.0% y/y (+2.1% expected, +4.3% prior)

Fourth consecutive y/y rise for business spending. .

Other data for the January - March period:

  • recurring profits +13.7% y/y
  • sales +7.9% y/y

USD/JPY has inched a little higher to approach its overnight igh. Looks like more gains in store for the session. Lets see if we get any 'fx stability' moaning out of Japanese authorities:

usdyen 01 June 2022

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