Japan’s Nikkei stock market index is now down 3% … what’s the technical point for ‘bloodbath’?
Nikkei and TOPIX extending lower still Earlier: As I posted earlier the drop follows Friday’s fall in US equities and the downward shift all last week for Japan stocks.
Read More »BOJ comments on PPI – global recovery pushing prices up
PPI data from Japan is here: Japan PPI for May +0.7% m/m (expected 0.5%) Commentary now from a BOJ official: On that "companies are passing along rising costs" … well,…
Read More »USDJPY continues to unwind
USDJPY, H1 USDJPY continues lower today, printing eight-session lows below 109.20 in early New York session trades and falling under Friday’s post-jobs report low of 109.37. The pairing had topped…
Read More »Jibun Bank/Markit Manufacturing PMI (final) for May 53.0
The preliminary for Manufacturing PMI was 52.5 vs. the prior month’s 53.6 States of Emergency continue to weigh on Japan’s economy, but the declines are widespread. Elsewhere in Asia. Manufacturing…
Read More »Japan – Jibun Bank / Markit preliminary PMIs for May: Manufacturing 52.5 (prior 53.6)
Flash PMIs May for Japan Comments from IHS Markit:
Read More »Japan – Jibun Bank/Markit PMIs (final) for April: Services 49.5 (prior 48.3) and Composite 51.0 (49.9)
Services still in contraction but an improvement from March Markit’s key points: more to come — Yen remains little changed on the data, circa 109.04
Read More »USD/JPY: Bears track downbeat US Treasury yields to target 108 amid off in Japan
USD/JPY takes offers around 108.45, down 0.12% intraday, during Thursday’s Asian session. In doing so, the quote drops for the second consecutive day
Read More »The BoJ meets!
Japan’s BoJ begins its two-day meeting tonight, and will announce policy on Tuesday. No changes are expected, though the Bank is expected to lower its inflation forecasts, largely due to…
Read More »Economic calendar due from Asia today, Friday 2 April 2021, is nearly empty
Its a holiday across much of Asia, including for me! So, I won’t be around too much but will pop in from time to time. 2350 GMT will bring data…
Read More »Japan – Jibun Bank/Markit Manufacturing PMI (final) for March 52.7 (prior 51.4)
Jibun Bank/Markit Manufacturing PMI (final) for March 52.7 is the fastest expansion in manufacturers’ activity since October 2018.
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