JPY: Domestic data dump was a mixed bag – RBC CM

Sandeep Kanihama FXStreet Contributor

Sue Trinh, Senior Currency Strategist at RBC Capital Markets, suggests that the Japanese data dump was a mixed bag, but had no impact on JPY, which was driven by overall risk appetite.

Key Quotes

“The Tokyo ex-fresh food CPI inflation – a leading indicator for the national index - made a new 3.5 year low at -0.5%y/y (cons: -0.4%y/y) in September and household spending growth contracted from -0.5%y/y to -4.6%y/y (cons: -2.1%y/y) in August. On the bright side, preliminary industrial production bounced back in August from - 4.2%y/y to 4.6%y/y.”

Author

Sandeep Kanihama

FXStreet Contributor

Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

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