Japan data on stronger side, contrasts with BOJ outlook
Japan data remains on the stronger side despite BOJ expectations
Oct core machinery orders MM +2.1%, YY +5.6%, +1.2% and +0.7% expected
Q4 CAPEX off to a very good start, should help up Q4 GDP
Flash PMIs also look better, Dec mfg PMI 49.5, Nov 49.0, below 50 but up
Services PMI 51.4 vs Nov 50.5 and composite PMI 50.8 vs 50.1, expansion up
Recent data seems to go against growing view of BOJ hold this week
BOJ Tankan numbers out Friday solid nAZN2TQC9B, nL4N3ND07V, nL4N3NB0L5
Nov domestic corporate goods prices out Dec 11 also YY +3.7% nAZN2SR5ON
Despite market tilted towards BOJ hold, still chance of move nL2N3N6031
See nAZN2U71TT, nL4N3NG06Q, nZRN00AMPW, for more click on FXBUZ
BOJ to forego hike?: https://reut.rs/4iIHTvc
Japan's core inflation steady above BOJ target: https://reut.rs/48Z8mQH
(Haruya Ida is a Reuters market analyst. The views expressed are his own)
</body></html>Related Assets
Latest News
Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.
All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.
Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.
