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
54.5
Forecast
54.5
Previous
54.5
Japan Manufacturing PMI for May came in at 54.5 versus 54.5 expected (previous 54.5), in line with forecast.
What it meant for the JPY
The actual landed in line with the 54.5 forecast. A reading above forecast is generally bullish for the JPY, and below forecast bearish.
New to this release? See what Japan Manufacturing PMI measures, the next release and its full history.