As for the Japanese numbers, they just increase pressure for further BoJ easing. It's just Japan's luck that having taken so long to be really aggressive in easing monetary policy, they should have done so heading into massive global disinflationary headwinds.
"For now, the combination of soft data and hope of a response just leaves USD/JPY drifting a little lower within the current range. Failure can still ease, this month would see a bigger reaction (in the form of USD/JPY down) than delivery of the anticipated move", says Societe Generale.
However, it is so widely assumed that doing something everyone expects will magically weaken the yen and boost the Nikkei again.


Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 



