Japanese S&P Global Services PMI Flash (Apr) 51.2 vs. Exp. 52 (Prev. 53.4)
Context
The Japanese S&P Global Services PMI for April came in at 51.2, missing expectations of 52 and significantly down from the previous 53.4. This miss suggests a slowing service sector, which could impact growth forecasts and limit any aggressive monetary tightening by the BoJ, affecting investor sentiment towards the Yen and potentially bolstering safe-haven assets like gold.
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