Tertiary Industry Index m/m reflects changes in the Japanese domestic service sector in the given month compared to the previous one. The index calculation includes all key service sectors, such as information and communications, energy, utilities, transportation, finance, insurance, tourism, banking, education, etc.
The service sector data usually generate low volatility on the currency markets. However, the growth of the index may positively affect the yen quotes.
The chart of the entire available history of the "Japan Tertiary Industry Activity Index m/m" macroeconomic indicator. The dashed line shows the forecast values of the economic indicator for the specified dates.
A significant deviation of a real value from a forecast one may cause a short-term strengthening or weakening of a national currency in the Forex market. The threshold values of the indicators signaling the approach of the critical state of the national (local) economy occupy a special place.