Trade Desk Thoughts - Japan All Industries Activity Index (July)

Daily Forex Fundamentals | Written by TheLFB-Forex.com | Aug 20 08 01:30 GMT |

Actual -0.9%, Expected -0.8%, Previous 0.4%

Release Explanation: The all industry activity index is posted monthly as a percentage change from the previous month's figure. It evaluates the monthly change in overall production by all sectors of the Japanese economy. The index closely follows Japanese GDP and overall growth figures, providing insight into current levels of Japanese economic expansion.

Trade Desk Thoughts: The Japanese all industry activity index came in at a negative 0.9 percent this month but overall is still in positive territory for the quarter with a reading of 0.5 percent. This is below levels that were seen last year by 1.2 percent. The main factors of the decrease are attributed to declines in industrial output and decreased spending in the services sector.

Forex Technical Reaction: The dollar yen has once again found support in the 109.60 area

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