Japanese Yen Forecast: Pair Weakens Ahead of Powell and BoJ Updates.USD/JPY weakens as BoJ hike bets rise, Tokyo inflation stays firm, and Fed cut expectations grow. The narrowing rate gap threatens a yen carry trade unwind into year-end.
Japan Jibun / S&P Global manufacturing PMI, November final, 48.7 (prior 48.2).Japan's manufacturing sector remained in contraction in November, though the pace of decline slowed, according to the final S&P Global PMI released Monday.
Japan Q3 capex disappoints while company profits surge nearly 20%.Japan's latest Ministry of Finance corporate survey showed a sharp slowdown in capital expenditure growth in the third quarter, even as company profits surged.
Japan finance minister says yen's rapid fall clearly not driven by fundamentals.Japan's finance minister said on Sunday that recent erratic swings in the foreign exchange market and rapid yen weakening are "clearly not driven by fundamentals".