Tertiary Industry Activity Index m/m comes in at -0.2% against 0.6% consensus
| Pair | Now | Since publish |
|---|---|---|
| USDJPY | — | — |
The Tertiary Industry Activity Index m/m for Japan registered -0.2% for the latest period. This figure came in below the consensus expectation of 0.6%. The previous month’s reading was 1.1%. The actual print represented a -133.3% surprise compared to the consensus forecast.
Following the release, JPY pairs showed limited movement over the initial 15 minutes. USDJPY moved -3.2 pips, while EURJPY moved -4.0 pips. GBPJPY saw a -4.2 pip move. Other pairs like AUDJPY, CADJPY, CHFJPY, and NZDJPY registered moves of -3.0 pips, -2.0 pips, -3.1 pips, and -1.9 pips respectively. These initial movements are generally smaller than the median 1-hour moves observed after past releases for these pairs. For instance, USDJPY typically sees a median 1-hour move of 4 pips, and GBPJPY typically sees a median 1-hour move of 6 pips.