Japan’s Tankan report showed the Big Manufacturers Index for June came in higher than expected at +17, compared with a Reuters poll forecast for +15.
The dollar/yen spiked as high as 112.38 after the data, before retreating to 112.27 at 8:26 a.m. HK/SIN. It was at 112.26 just before the release.
The Big Manufacturers Index was expected to come in at +15 for September, above a Reuters forecast for +14.
Japan’s big manufacturers expected the dollar to average at 108.31 yen for the 2017-18 fiscal year, compared with 108.43 in the March survey.
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Source: cnbc china
Japan Tankan: June Big Manufacturers Index +17, beating forecast for +15