**As seen in Macro Walk report 07/10/23, subscribe at cablefxm.co.uk/reports
We have seen a notable positive change in Japan's macroeconomic standing. Growth is looking relatively better in Japan than half of its G10 peers, output has risen faster than in Switzerland
Looking at the economic board section in our Macro Walk report, the latest data show Japanese higher frequency indicators outpacing its G10 peers, industrial production rises by 4.7% Y/y while retail sales grow by 5.7% Y/y
Japanese 10-year yield is now closer to the 50bs ceiling as we head into the BoJ July meeting, last at 47bps. The Japanese yen is the third best G10FX performer MTD after scandies, USD/JPY is down 4.3% on the month
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