What is it? It checks the change in the total inflation-adjusted value of output produced by manufacturers, mines, and utilities.
It's a leading indicator of economic health - production reacts quickly to ups and downs in the business cycle and is correlated with consumer conditions such as employment levels and earnings.
Usual Effect: If the number is higher than the forecast, you can expect the JPY to rise.
When? October 28th at 7:50pm Eastern Time.
Trading Tip: This announcement can greatly affect the JPY, make sure to make your trades before.
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