Japan April leading economic index 103.4 vs 104.1 expected

• Prior 108.1 (revised to 107.6)
• Coincident index 115.5 vs 115.9 prior (revised to 115.8)

The drop shouldn’t be surprising given the trade uncertainty. The BoJ continues to focus on trade negotiations and the evolution of inflation before considering another rate hike.

This article was written by Giuseppe Dellamotta at www.forexlive.com.