The typical/expected market impact of this event is low.
The consensus forecast for Housing Starts (YoY) is -4.1%. A higher value than forecast tends to be bullish for JPY/xxx pairs and bearish for xxx/JPY pairs.
Recent economic data has been strongly bearish for JPY. Other recent announcements which may affect the market's interpretation of the next Housing Starts (YoY) result:
| Previous | Latest | ||||
|---|---|---|---|---|---|
| National Consumer Price Index (YoY) | Bearish change | 2.9% | 2.1% | ||
| National CPI ex Food, Energy (YoY) | Bearish change | 3% | 2.9% | ||
| National CPI ex Fresh Food (YoY) | Bearish change | 3% | 2.4% | ||
| Adjusted Merchandise Trade Balance | Bearish change | ¥62.9B | ¥-0.21B | ||
| Exports (YoY) | Bearish change | 6.1% | 5.1% | ||
| Imports (YoY) | Bullish change | 1.3% | 5.3% | ||
| Merchandise Trade Balance Total | Bearish change | ¥322.2B | ¥105.7B |
| Country: | Japan |
|---|---|
| Currency: | JPY |
| Source: | Ministry of Land, Infrastructure, Transport and Tourism of Japan |
| Category: | Housing Market |
| Frequency: | Monthly |
| Australia | Building Permits (MoM) | ||
| New Zealand | Building Permits s.a. (MoM) | ||
| United States | Pending Home Sales (MoM) | ||
| United States | Existing Home Sales Change (MoM) | ||
| United States | New Home Sales Change (MoM) | ||
| United States | Housing Starts (MoM) | ||
| United States | Building Permits (MoM) |