Capital Spending y/y (JPY) comes in at 1.6% against 1% consensus
| Pair | Now | Since publish |
|---|---|---|
| USDJPY | — | — |
Japan’s Capital Spending year over year data was released at 23:50 UTC, showing an actual figure of 1.6%. This came in above the consensus expectation of 1%, representing a 60.0% surprise. The previous reading for the series was 0%.
Following the release, JPY crosses showed varied reactions over the initial 15 minutes. AUDJPY moved up 13 pips, CADJPY up 9.5 pips, CHFJPY up 10 pips, EURJPY up 7.2 pips, GBPJPY up 12 pips, NZDJPY up 12 pips, and USDJPY up 6.3 pips. For context, the median 1-hour move for AUDJPY after past releases has been 8 pips, for CADJPY 8 pips, for CHFJPY 9 pips, for EURJPY 9 pips, for GBPJPY 11 pips, for NZDJPY 8 pips, and for USDJPY 12 pips. The current moves for EURJPY and USDJPY are below their respective median 1-hour historical moves. Moves for AUDJPY, CADJPY, CHFJPY, GBPJPY, and NZDJPY are above their respective median 1-hour historical moves.