Japan November Industrial manufacturing (preliminary) -0.9% m/m (anticipated -1.6%)

Each IP and retail outperformed:

• industrial output m/m did not drop by as a lot as anticipated
• retail gross sales y/y beat the median estimate

Japanese producers’ forecasts:

• anticipate December output at +6.0% m/m (prior forecast was +3.2%)
• anticipate January output at -7.2% m/m

—

USD/JPY is down a couple of ticks, circa 141.43

This text was written by Eamonn Sheridan at www.forexlive.com.