Tertiary Industry Activity Index m/m comes in at 1.1% against 0.1% consensus
| Pair | Now | Since publish |
|---|---|---|
| USDJPY | — | — |
Japan’s Tertiary Industry Activity Index month over month was released, showing an actual figure of 1.1%. This print significantly exceeded the market consensus expectation of 0.1%. The previous month’s reading for the index was 1.3%. The surprise against consensus registered at 1000.0%.
Following the release, JPY crosses showed limited movement within the first 15 minutes. AUDJPY moved -0.8 pips, CADJPY -0.3 pips, CHFJPY +1.7 pips, EURJPY -1.4 pips, GBPJPY -1.0 pips, NZDJPY +0.2 pips, and USDJPY +1.1 pips. These measured moves are small when compared to the typical median 1-hour moves for these pairs. For context, AUDJPY typically sees a median 1-hour move of 5 pips, CADJPY 3 pips, CHFJPY 4 pips, EURJPY 5 pips, GBPJPY 6 pips, NZDJPY 5 pips, and USDJPY 4 pips after past releases.