Market news

Show news:


18.05.2022 07:08

Japan manufacturers' mood slips to 15-month low in May – Reuters Tankan Poll

Japanese manufacturers have become the least optimistic in more than a year about business conditions as firms struggled with rising import costs due to a weak yen and higher raw material prices, the Reuters Tankan poll for May showed on early Wednesday.

Additional findings

The Reuters Tankan sentiment index for manufacturers fell to 5 in May from 11 a month earlier, its lowest since February last year. The service index rose to 13 from 8, hitting its highest since February 2020.

The monthly poll, which tracks the Bank of Japan’s (BOJ) closely watched “tankan” quarterly survey, found confidence was likely to become less optimistic for both manufacturers and non-manufacturers over the coming three months.

The service-sector mood recovered to its most positive level since the start of the COVID-19 pandemic in early 2020 as the world’s third-largest economy shook off more of the drag from the coronavirus, which has made consumers cautious about spending.

The poll of 499 big and mid-sized companies conducted from April 26 to May 13, of which 236 responded, showed firms faced headwinds from persistently high raw material costs and Chinese coronavirus lockdown measures.

Market reaction

Following the news, USD/JPY picks up bids to renew intraday high around 129.50, following a sluggish daily performance.

Read: USD/JPY bulls stand their ground as US equities close higher


Keep up with latest Forex market news updates: Currencies, central banks, economic indicators for oil and gold trading – all you need to work effectively on Forex.

Market focus

June 2022
  • 2022
  • 2021
  • 2020
  • 2019
  • 2018
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
  • 2010
  • 2009
  • 2008
  • 2007
  • 2006
  • 2005
  • 2004
  • 2003
  • 2002

Forex is open 24 hours a day, 5 days a week (except national holidays), and it can be broken up to the following four regional markets: Australia and Oceania, Asia, Europe, and America. A Forex trading session opens at 23:00 GMT on Sunday in Japan and closes at 22:00 GMT on Friday in the USA.

 
Session Financial Centres UTC/GMT
OpenClose
EET
OpenClose
Local Time
OpenClose
Pacific Wellington 19:00 04:00 22:00 07:00 22:00 07:00
Session Financial Centres UTC/GMT
OpenClose
EET
OpenClose
Local Time
OpenClose
Sydney 21:00 06:00 00:00 09:00 00:00 09:00
Session Financial Centres UTC/GMT
OpenClose
EET
OpenClose
Local Time
OpenClose
Asian Tokyo 23:00 08:00 02:00 11:00 02:00 11:00
Session Financial Centres UTC/GMT
OpenClose
EET
OpenClose
Local Time
OpenClose
Hong Kong, Singapore 00:00 09:00 03:00 12:00 03:00 12:00
Session Financial Centres UTC/GMT
OpenClose
EET
OpenClose
Local Time
OpenClose
European Frankfurt, Zurich, Paris 06:00 15:00 09:00 18:00 9:00 18:00
Session Financial Centres UTC/GMT
OpenClose
EET
OpenClose
Local Time
OpenCloseе
London 07:00 16:00 10:00 19:00 10:00 19:00
Session Financial Centres UTC/GMT
OpenClose
EET
OpenClose
Local Time
OpenClose
American New York 12:00 21:00 15:00 00:00 15:00 00:00
Session Financial Centres UTC/GMT
OpenClose
EET
OpenClose
Local Time
OpenClose
Chicago 13:00 22:00 16:00 01:00 16:00 01:00