{"id":37672,"date":"2026-02-04T07:30:30","date_gmt":"2026-02-04T07:30:30","guid":{"rendered":"https:\/\/www.vtmarkets.com\/th\/uncategorized\/37672\/"},"modified":"2026-02-04T07:30:30","modified_gmt":"2026-02-04T07:30:30","slug":"%e0%b8%94%e0%b8%b1%e0%b8%8a%e0%b8%99%e0%b8%b5-pmi-%e0%b8%9a%e0%b8%a3%e0%b8%b4%e0%b8%81%e0%b8%b2%e0%b8%a3%e0%b8%82%e0%b8%ad%e0%b8%87%e0%b8%98%e0%b8%99%e0%b8%b2%e0%b8%84%e0%b8%b2%e0%b8%a3%e0%b8%88","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/th-asia\/live-updates\/37672\/","title":{"rendered":"\u0e14\u0e31\u0e0a\u0e19\u0e35 PMI \u0e1a\u0e23\u0e34\u0e01\u0e32\u0e23\u0e02\u0e2d\u0e07\u0e18\u0e19\u0e32\u0e04\u0e32\u0e23\u0e08\u0e34\u0e1a\u0e38\u0e47\u0e07\u0e43\u0e19\u0e0d\u0e35\u0e48\u0e1b\u0e38\u0e48\u0e19\u0e2d\u0e22\u0e39\u0e48\u0e17\u0e35\u0e48 53.7 \u0e2a\u0e39\u0e07\u0e01\u0e27\u0e48\u0e32\u0e17\u0e35\u0e48\u0e04\u0e32\u0e14\u0e01\u0e32\u0e23\u0e13\u0e4c\u0e44\u0e27\u0e49\u0e17\u0e35\u0e48 53.4"},"content":{"rendered":"The Japan Jibun Bank Services PMI for January stood at 53.7, surpassing the expected 53.4. This suggests strong growth and expansion within the services sector.\n\nMarket analysts will monitor upcoming economic indicators for more understanding of Japan&#8217;s economic situation. The data indicates resilience in Japan&#8217;s economy despite global difficulties.\n\n<h3>January Services PMI<\/h3>\nThis strong services PMI reading of 53.7 for January shows continued expansion in a key part of the economy. This data will likely increase speculation about the Bank of Japan&#8217;s next policy move.\n\nWe believe this positive data strengthens the case for further monetary policy normalization, following the end of negative rates back in late 2025. After seeing USD\/JPY remain stubbornly high for much of last year, this could fuel bets on yen appreciation. Traders might consider buying JPY call options or selling out-of-the-money call options on the USD\/JPY pair.\n\nFor the Nikkei 225, the outlook is more complex, even after its historic run in 2025 where it surpassed the 40,000 mark. While a robust domestic economy supports corporate earnings, a rapidly strengthening yen could hurt the profits of Japan&#8217;s major exporters. We could see traders using options strategies like collars to protect long equity positions from downside risk while capping some upside.\n\n<h3>Focus on Inflation and Wage Negotiations<\/h3>\nOur focus in the coming weeks will be on upcoming inflation figures and any rhetoric surrounding the &#8220;shunto&#8221; spring wage negotiations. With core inflation hovering around 2.5% through the end of 2025, strong wage growth would be the final catalyst the BoJ needs to signal another rate hike. Increased volatility in interest rate swaps and yen options is expected around these key data releases.\n\n<b><a href=\"https:\/\/www.vtmarkets.com\/trade-now\/\">Create your live VT Markets account<\/a>\u00a0and\u00a0<a href=\"https:\/\/myaccount.vtmarkets.com\/login\">start trading<\/a>\u00a0now. <\/b>\n<p>\n\n<p><strong>\u0e40\u0e23\u0e34\u0e48\u0e21\u0e0b\u0e37\u0e49\u0e2d\u0e02\u0e32\u0e22\u0e17\u0e31\u0e19\u0e17\u0e35 &#8211; \u0e04\u0e25\u0e34\u0e01<a href=\"https:\/\/www.vtmarkets.com\/th\/trade-now\/\">\u0e17\u0e35\u0e48\u0e19\u0e35\u0e48<\/a> \u0e40\u0e1e\u0e37\u0e48\u0e2d\u0e2a\u0e23\u0e49\u0e32\u0e07\u0e1a\u0e31\u0e0d\u0e0a\u0e35\u0e08\u0e23\u0e34\u0e07\u0e02\u0e2d\u0e07 VT Markets <\/strong> <\/p>\n<!-- \/wp:post-content -->","protected":false},"excerpt":{"rendered":"<p>\u0e14\u0e31\u0e0a\u0e19\u0e35 PMI \u0e14\u0e49\u0e32\u0e19\u0e1a\u0e23\u0e34\u0e01\u0e32\u0e23\u0e02\u0e2d\u0e07\u0e0d\u0e35\u0e48\u0e1b\u0e38\u0e48\u0e19\u0e43\u0e19\u0e40\u0e14\u0e37\u0e2d\u0e19\u0e21\u0e01\u0e23\u0e32\u0e04\u0e21\u0e2a\u0e39\u0e07\u0e16\u0e36\u0e07 53.7 \u0e2a\u0e30\u0e17\u0e49\u0e2d\u0e19\u0e01\u0e32\u0e23\u0e40\u0e15\u0e34\u0e1a\u0e42\u0e15\u0e41\u0e02\u0e47\u0e07\u0e41\u0e01\u0e23\u0e48\u0e07\u0e43\u0e19\u0e40\u0e28\u0e23\u0e29\u0e10\u0e01\u0e34\u0e08 \u0e02\u0e13\u0e30\u0e17\u0e35\u0e48\u0e01\u0e32\u0e23\u0e2a\u0e31\u0e07\u0e40\u0e01\u0e15\u0e41\u0e19\u0e27\u0e42\u0e19\u0e49\u0e21\u0e14\u0e2d\u0e01\u0e40\u0e1a\u0e35\u0e49\u0e22\u0e41\u0e25\u0e30\u0e40\u0e07\u0e34\u0e19\u0e40\u0e1f\u0e49\u0e2d\u0e2a\u0e32\u0e21\u0e32\u0e23\u0e16\u0e0a\u0e35\u0e49\u0e19\u0e33\u0e15\u0e48\u0e2d\u0e44\u0e1b\u0e44\u0e14\u0e49!<\/p>\n","protected":false},"author":62,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[71],"tags":[],"class_list":["post-37672","post","type-post","status-publish","format-standard","hentry","category-live-updates"],"acf":{"acf_article_selection_author":null},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.com\/th-asia\/wp-json\/wp\/v2\/posts\/37672","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/th-asia\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/th-asia\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/th-asia\/wp-json\/wp\/v2\/users\/62"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/th-asia\/wp-json\/wp\/v2\/comments?post=37672"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/th-asia\/wp-json\/wp\/v2\/posts\/37672\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/th-asia\/wp-json\/wp\/v2\/media?parent=37672"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/th-asia\/wp-json\/wp\/v2\/categories?post=37672"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/th-asia\/wp-json\/wp\/v2\/tags?post=37672"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}