The typical/expected market impact of this event is low.
The consensus forecast for Tertiary Industry Index (MoM) is 0.2%. A higher value than forecast tends to be bullish for JPY/xxx pairs and bearish for xxx/JPY pairs.
Higher numbers than forecast tend to be bullish for JPY/xxx pairs and bearish for xxx/JPY pairs.
The most recent announced value for Tertiary Industry Index (MoM) was 0.5% against a forecast of 0.3%.
Recent economic data has been strongly bullish for JPY. Other recent announcements which may affect the market's interpretation of the next Tertiary Industry Index (MoM) result:
Previous | Latest | ||||
---|---|---|---|---|---|
Current Account n.s.a. | Bullish change | ¥1348.2B | ¥2684.3B | ||
Gross Domestic Product (QoQ) | Bullish change | 0.3% | 0.5% | ||
Gross Domestic Product Annualized | Bullish change | 1% | 2.2% | ||
Gross Domestic Product Deflator (YoY) | Bearish change | 3% | 2.9% | ||
Labor Cash Earnings (YoY) | Bullish change | 3.1% | 4.1% |
Country: | Japan |
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Currency: | JPY |
Source: | Ministry of Economy, Trade and Industry of Japan |
Category: | Economic Activity |
Frequency: | Monthly |