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Tankan Survey Mixed, Japanese Yen Falls vs. Dollar

October 2, 2017 at 10:45 by Vladimir Vyun

Various Japanese yen notesThe Japanese yen fell against the US dollar but rose against other major rivals today after the important Japanese indicator, Tankan survey, showed somewhat mixed results.

According to the survey, the index of business conditions for major manufacturers increased from 17 in the June quarter to 22 in the September quarter, exceeding market expectations. But the non-manufacturing index remained unchanged at 23, whereas experts were anticipating an increase, albeit a small one. The Nikkei Japan Manufacturing PMI was finalized at 52.9 in September, up from 52.2 in August and 52.6 in the preliminary estimate.

USD/JPY ticked up from 112.65 to 112.78 as of 10:44 GMT today. Meanwhile, EUR/JPY declined from 132.78 to 132.33.

If you have any questions, comments, or opinions regarding the Japanese Yen, feel free to post them using the commentary form below.

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