Japan data - August preliminary industrial production 2.7% m/m (expected +0.2%)

Japanese data.

August preliminary industrial production 2.7% m/m for a huge beat

• expected +0.2%, prior 0.8%

and 5.1% y/y

• prior -2%

Manufactures outlooks are encouraging also:

• see output in September at +2.9% m/m
• see output in October at +3.2% m/m

The Japanese government add their assessment, raises it and says IP is picking up moderately.

Earlier data from Japan:

• Japan August unemployment rate 2.5% (expected 2.5%, prior 2.6%)

This also related to JPY :

• Morgan Stanley likes buying dips in USD/JPY, see 146 - 147 ahead due to higher Fed rates

Chinese data the focus and is still to come:

• China PMIs for September.