Mixed Results for JPY and AUD Data: Japanese Economy Shows Growth, Australian Economy Surprises with Strong Performance

One Million Trade - 2024-03-05 00:30:00

The data published for JPY and AUD show mixed results. The au Jibun Bank Japan Services PMI for February came in slightly below expectations but still above the key 50 level, indicating expansion in the services sector. On the other hand, Australia's Current Account for Q4 showed a significant improvement, exceeding both previous and forecasted figures. These data suggest that the Japanese economy continues to show signs of growth, albeit at a slower pace, while the Australian economy is performing better than expected.

Currency sentiment: Neutral

Sentiment timeframe: Short term