JN Leading Indicators

Japanese Yen futures are down for the third straight session. Bob Iaccino has more.

Yields are lower and the USD is stronger as CPI expectations moderate. Bob Iaccino examines how yen futures are responding.

A slight improvement to the leading index but nothing too notable. The assessment of the coincident index remains unchanged i.e. "improving." The index is used as a reference to economic conditions, but most of the indicators used to make up the index has already been released individually - so there isn't much of an impact on this release. The index basically measures up employment data, consumer confidence, production, housing, and stock market data, etc as its leading indicators to derive the number.

Japan cut its view on economic conditions for the first time in more than two years after the coincident indicator index extended its decline in September, falling to the lowest in a year. The index showing current economic conditions, compiled from data including factory output, employment and retail sales, slipped a preliminary 3.8 points from the previous month to 87.5, the Cabinet Office said, marking the third consecutive month of decline. The fall was biggest since May 2020. The government on Monday lowered its assessment of ...

Japan's leading index increased to the highest level in two-and-a-half years in January, preliminary data from the Cabinet Office showed on Monday. The leading index, which measures the future economic activity, grew to 99.1 in January from 97.7 in December. The latest reading was the highest since September 2018, when it was 99.2. The coincident index decreased to 91.7 in January from 88.2 in the previous month. This was the highest reading since February last year. The lagging index rose to 91.9 in January from 90.8 in the prior ...