The typical/expected market impact of this event is low.
The consensus forecast for Housing Starts (YoY) is -1.6%. 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 1.3% against a forecast of -4.1%.
Recent economic data has been broadly neutral 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 | 2.1% | 1.5% | ||
| National CPI ex Food, Energy (YoY) | Bearish change | 2.9% | 2.6% | ||
| National CPI ex Fresh Food (YoY) | Bearish change | 2.4% | 2% | ||
| Adjusted Merchandise Trade Balance | Bullish change | ¥-62.6B | ¥455.5B | ||
| Exports (YoY) | Bullish change | 5.1% | 16.8% | ||
| Imports (YoY) | Bearish change | 5.2% | -2.5% | ||
| Merchandise Trade Balance Total | Bearish change | ¥113.5B | ¥-1152.7B | ||
| Gross Domestic Product (QoQ) | Bullish change | -0.7% | 0.1% | ||
| Gross Domestic Product Annualized | Bullish change | -2.6% | 0.2% | ||
| Gross Domestic Product Deflator (YoY) | Bearish change | 3.5% | 3.4% |
| 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) |