Japan's services sector rises at a fast pace

Japan's activity in the services sector rises

Japan's services sector activity rose at the fastest rhythm within a period of 19 months to March, thus enabling businesses to charge more for their products, a survey showed today.

Japan's PMI higher to 52.9

The Markit/Nikkei Japan Services Purchasing Managers Index (PMI) climbed from 51.3 in February to 52.9 in March. The nation's index remained higher than the 50 level an indication of expansion rather than contraction for the 6th straight month.

The outstanding business index climbed from 50.2 to 51.6 in March reporting its fastest growth within a period of 20 months. The business expectations index appreciated from 53.8 to 55.4.

Japanese yen weakens in Asia's session

Following the ''rattling nerve'' meeting between Donald Trump, U.S. President, and Xi Jinping, his Chinese colleague, the Japanese yen traded considerably weaker.

The USD/JPY pair traded 0.03% higher to 110.78, and the AUD/USD to 0.7571 rising 0.08%. The U.S. dollar index traded to 100.38 falling 0.04%.

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