China HSBC Manufacturing PMI 51.6 in Mar

Apr 1, 2013

Forex: USD/JPY dips further, 94.00 holds

Following soft Tankan survey in Japan and disappointing China PMI manufacturing below expectations although still above previous one, and few minutes away from China HSBC final PMI Manufacturing, Nikkei index is down -1% and USD/JPY at 94.17, about flat for the session.

China HSBC at 51.6, meets expectations

The HSBC Purchasing Managers’ Index came at 51.6 in March, up from 50.4 in February, "signalling a modest improvement as operating conditions in the Chinese manufacturing sector improve for five consecutive months" HSBC said.