Latest data released by Japan's METI - 10 August 2018
- Prior +0.1%; revised to +0.2%
Slight delay in the release by the source. The statistic basically measures the total value of services purchased by Japanese businesses over the month.
A lower than expected reading, but not one that will matter all too much given the fact that we already had Q2 economic growth figures earlier in the day - which were a beat.
The yen is extending its gains on the day with USD/JPY falling to a low of 110.68 following the GDP report earlier in the day. The poor performance in equities and the rout in the lira and ruble - causing concerns as spelled out by the ECB are also bits and pieces to add to the yen's strength today.
