Reuters Tankan: Japan manufacturer mood hits +27, highest in over five years on chips
The broad-based jump in confidence, especially among service firms, adds to the picture of a Japanese economy robust enough to cope with higher policy rates. Even as increasing prices and borrowing costs start to pinch, Japan Inc's mood is at multi-year highs on chips and…
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In today's Japanese yen news, the broad-based jump in confidence, especially among service firms, adds to the picture of a Japanese economy robust enough to cope with higher policy rates, according to investingLive. Even as increasing prices and borrowing costs start to pinch, Japan Inc's mood is at multi-year highs on chips and services.
Key points
- The manufacturers' index advanced to +27 from +22 in October, its highest reading since August 2021.
- Oil refining and ceramics climbed to +25 from +14, whereas chemicals improved to +33 from +27.
- The non-manufacturers' index soared to +35 from +23, a level last seen in June 2018.
- Information and communications sentiment advanced to +29 from +8 on solid orders, while services and others more than doubled to +43 from +19.
- Its own quarterly Tankan will be the next key read on corporate sentiment.
Japanese yen: the details
The manufacturers' index advanced to +27 from +22 in October, its highest reading since August 2021. The non-manufacturers' index soared to +35 from +23, a level last seen in June 2018. Oil refining and ceramics climbed to +25 from +14, whereas chemicals improved to +33 from +27.
Information and communications sentiment advanced to +29 from +8 on solid orders, while services and others more than doubled to +43 from +19. The combination of robust business confidence, a tight labour market and cost pressures will be one input as it mulls the forward view for policy for the Bank of Japan.
Its own quarterly Tankan will be the next key read on corporate sentiment.
Why Japanese yen matters for traders
The yen is driven by the gap between Japanese and overseas interest rates and by its role as a safe haven. Changes in Bank of Japan policy or intervention risk can trigger fast moves in USD/JPY.
Because many carry trades are funded in yen, sudden shifts in Japanese policy can ripple through global markets.
Market reaction and data
On the currency side, the latest ECB daily reference rates (2026-11-10) show EUR/USD 1.1214, GBP/USD 1.3423, AUD/USD 0.6904, NZD/USD 0.5628, USD/JPY 158.18, USD/CHF 0.8207, USD/CAD 1.4136, USD/CNY 6.6703. These are reference fixes, not live quotes.
What to watch next for Japanese yen
Watch for Bank of Japan guidance, comments from Japan's finance ministry about currency moves, and US yields, which strongly influence USD/JPY.
Key scheduled releases on the economic calendar:
- GBP GDP m/m on Thu Nov 12, 07:00 UTC, forecast 0.0%, previous 0.1%
- USD Core PPI m/m on Fri Nov 13, 13:30 UTC, forecast 0.3%, previous 0.7%
- USD PPI m/m on Fri Nov 13, 13:30 UTC, forecast 0.4%, previous 1.3%
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FAQ
What is the latest Japanese yen news?
The broad-based jump in confidence, especially among service firms, adds to the picture of a Japanese economy robust enough to cope with higher policy rates.
Why is the yen called a safe haven?
Japan is a large creditor nation, so in times of stress Japanese investors bring money home and traders close yen-funded positions, which tends to lift the currency.
Where does this information come from?
This report is based on coverage from investingLive, checked against market data where available. It is a summary for information only and not investment advice.
Risk warning: This article is for information only and is not investment advice. Trading forex, CFDs, stocks and crypto carries a high risk of losing money. Prices move fast – check live quotes before you trade.
