Japan's Manufacturing PMI surveys factory purchasing managers on output, orders and hiring; a reading above 50 means manufacturing is expanding and below 50 means it is contracting.
Actual
51.6
Forecast
51.4
Previous
51.4
Japan Manufacturing PMI for Mar came in at 51.6 versus 51.4 expected (previous 51.4), above forecast, which was positive for the JPY.
What it meant for the JPY
The actual landed above the 51.4 forecast (0.2 above expectations). A reading above forecast is generally bullish for the JPY, and below forecast bearish. On this release the read was positive for the JPY.
New to this release? See what Japan Manufacturing PMI measures, the next release and its full history.