Forex
globalreutersJanuary 24, 20251 Mins read
Japan flash manufacturing PMI for January drops to 48.8 (prior 49.6)
globalreutersJanuary 24, 20251 Mins read Japan flash manufacturing PMI for January drops to 48.8, a 10-month low
- prior 49.6
Services 52.7
- prior 50.9
Composite 51.1
- prior 50.5
***
Earlier today we got Japan’s core inflation rate (in December 2024) hitting a 16 month high:
Keeping the Bank of Japan well on track for a rate hike later today:
- Poll shows 18 out of 19 economists expect a Bank of Japan rate hike on Friday
- The BOJ meet today and tomorrow and is unlikely to delay rate hike action
This article was written by Eamonn Sheridan at www.forexlive.com.
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