The typical/expected market impact of this event is low.
The consensus forecast for Housing Starts (YoY) is -2%. A higher value than forecast tends to be bullish for JPY/xxx pairs and bearish for xxx/JPY pairs.
Higher numbers than forecast tend to be bullish for JPY/xxx pairs and bearish for xxx/JPY pairs.
The most recent announced value for Housing Starts (YoY) was -0.6% against a forecast of -4.1%.
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 | 2.5% | 2.3% | ||
National CPI ex Food, Energy (YoY) | Bullish change | 2.1% | 2.3% | ||
National CPI ex Fresh Food (YoY) | Bearish change | 2.4% | 2.3% | ||
Exports (YoY) | Bullish change | -1.7% | 3.1% | ||
Imports (YoY) | Bearish change | 1.8% | 0.4% | ||
Merchandise Trade Balance Total | Bearish change | ¥-294.1B | ¥-461.2B | ||
Gross Domestic Product (QoQ) | Bearish change | 0.5% | 0.2% | ||
Gross Domestic Product Annualized | Bearish change | 2.2% | 0.9% | ||
Gross Domestic Product Deflator (YoY) | Bearish change | 3.2% | 2.6% |
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) |