The Tertiary Industry Index MoM measures the percentage change in activity within Japan's tertiary industry compared with the previous month. This index consolidates various business categories, with wholesale trade being the most significant sector. It is used to assess trends in service sector activity, which can indicate broader economic conditions.
A higher than expected figure should be seen as positive (bullish) for the JPY while a lower than expected figure should be seen as negative (bearish) for the JPY.