The Japanese Yen strengthened against the Greenback on the upbeat Japan Eco Watcher’s survey. The USD/JPY fell 26 base points or 0.23% to the 113.57 mark, returning to the levels close to Wednesday lows.
The Cabinet Office revealed on Thursday morning that Japanese Eco Watchers’ Index, the measure of peoples’ evaluation of the country’s economy, climbed to the highest level since March 2014. The Economy Watcher’s survey showed that the Current Index climbed to 52.2 points in October, surprising forecasts for a drop to 50.8, while the Outlook Index rose notably to the highest level in 46 months of 54.9 in the same period. The economic growth of Japan was expected to cool down in Q3, though experts suggested any weakening to be transitory.
