Data just out

  • final Industrial Production Aug mm -1.2% vs -0.5%
  • yy -0.4% vs +0.2%
  • Tertiary Index Aug mm +0.1% vs 0.0% exp vs +0.2% prev

Weaker than expected/prev header but Japanese data rarely has much knee-jerk impact

USDJPY 118.96 off its highs as is the Nikkei, now +1.35% at 18133.42, from 18170.67 highs