Japan’s industrial production fell by -1.1% mom in March, significantly worse than the anticipated -0.7% mom decline. According to the Ministry of Economy, Trade and Industry, the sharp drop was led by a -5.9% mom fall in motor vehicle output. Notably, regular passenger car production slipped -4.1% mom due to weaker export demand, while small […]
The post Japan’s industrial output slides -1.1% mom on auto weakness appeared first on Action Forex.
Daily Pivots: (S1) 190.39; (P) 190.87; (R1) 191.34; More… Intraday bias in GBP/JPY is turned neutral first with current retreat. Rebound from 184.35 is in favor to continue as long as 189.28 minor support holds. Read more…
Global financial markets are largely steady ahead of a packed economic calendar, with traders bracing for volatility as Eurozone and US GDP figures, as well as US PCE inflation data, are due shortly. Despite negative Read more…
Headline CPI 0.9%qtr/2.4%yr; Trimmed Mean 0.7%qtr/2.9%yr; Weighted Median 0.7%qtr/2.9%yr. Momentum in core inflation at the bottom of the band. The CPI gained 0.9% in the March quarter, stronger than market consensus (0.8%) and Westpac’s expectation Read more…