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Japan’s Leading Index rose to its highest level in almost a year, largely missing what markets ahd initially anticipated.
The country’s leading index, which measures the future economic activity, rose to 100.8 in October from 100 in September. The score was the highest since November 2015. Nonetheless, the reading was revised down from 101, data released by the Cabinet Office showed Monday.
At the same time, the coincident index that reflects the current economic activity improved to 113.5 from 112.5 a month ago. The score was lowered from 113.9. Further, the lagging index fell to 113.2 from 113.9 in September. The cabinet office trimmed the score from 113.3.
Meanwhile, the USD/JPY traded at 117.16, down -0.15 percent, while at 7:00GMT, the FxWirePro's Hourly Yen Strength Index remained neutral at 14.30 (a reading above +75 indicates a bullish trend, while that below -75 a bearish trend). For more details, visit http://www.fxwirepro.com/currencyindex
