Both of these miss.
On output, the outlooks:
- Manufacturers expect November output to be -2.2% m/m
- expect December output to be -0.5% m/m
Earlier from Japan today:
- Tokyo area November inflation data, a big jump higher: Headline 2.6% y/y (prior 1.8%)
- USD/JPY towards 151.10 – the drop began before the CPI data officially published
This article was written by Eamonn Sheridan at www.forexlive.com.
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