Trade Desk Thoughts - Japan All Industries Activity Index

Japan All Industries Activity Index (July) Actual 0.8%, Expected 0.8%, Previous -0.9%

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 0.8 percent for the month of July when compared to the previous month. This is in line with what analysts were expecting from this release. The construction sector was down again this month, while industrial production had increased after posting a loss last month.

Forex Technical Reaction: The Japanese yen is holding just below its 50 day SMA at 106.90 which also closely corresponds to the neutral LFB pivot point.

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