Skip to Content
News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
More View More
Yen Indifferent as Tankan Survey Shows Improved Corporate Sentiment

Yen Indifferent as Tankan Survey Shows Improved Corporate Sentiment

Christian Lewis, Contributor

Talking Points:

  • Improved Q1 corporate sentiment fails to spur the Yen into action
  • Large manufacturers are at their most optimistic since Q4, 2015
  • Data’s limited impact on BOJ policy makes for tepid FX response

What will drive the Japanese Yen trend in the second quarter? See our forecast to find out!

The Japanese Yen offered a tame reaction as Japan’s Tankan business data crossed the wires showing an improvement in corporate sentiment. The survey pointed to optimism in the manufacturing sector on expectation that a weaker currency will boost exports in the coming quarter.

The closely-watched large manufacturers’ index rose to 12 in the first quarter from 10 in the prior period, marking the highest reading since the three months to December 2015. Still, the outcome fell short of forecasts projecting an even rosier result (14).

The data appeared to carry little weight with traders, with the Yen’s response after the figures crossed the wires lackluster at best. That may reflect its limited implications for near-term BOJ policy trends, with Governor Kuroda and company seemingly in no hurry to alter the status quo.

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.