Japan Jibun February preliminary manufacturing PMI 48.9 (prior 48.7)

Japan Jibun preliminary, or flash, PMIs.

Manufacturing 48.9

• prior 87.7

Services 53.1

• prior 53.0

Composite 51.6

• prior 51.1

The data focus from Japan today were the CPI numbers:

• Japan January Core CPI 3.2% y/y vs. 3.1% expected

All three of the main measures are well above the Bank of Japan 2%.

Updating USD/JPY, after its big slide its had a bounce. This is hourly chart … its been heavy all week:

This article was written by Eamonn Sheridan at www.forexlive.com.