- Analytics
- News and Tools
- Market News
- Japan Inflation: Tokyo Consumer Price Index eases to 2.9% YoY in August vs. 3.0% expected, USD/JPY edges higher
Japan Inflation: Tokyo Consumer Price Index eases to 2.9% YoY in August vs. 3.0% expected, USD/JPY edges higher
Early Friday morning in Asia, the Statistics Bureau of Japan released monthly prints of the Tokyo Consumer Price Index (CPI) for August.
That said, the headline Tokyo CPI eases to 2.9% YoY from 3.2% prior, versus 3.0% market forecasts, whereas the Tokyo CPI ex Fresh Food, Energy remains steady with 4.0% YoY readings.
More importantly, Tokyo CPI ex Fresh Food eased from 3.0% to 2.8% for the said month compared to analysts’ estimations of 2.9%.
USD/JPY bulls ignore mixed Japan inflation
Following the data, USD/JPY marked an immediate pullback from the intraday high to 145.98 but refreshed the intraday high with 146.07 afterward.
Also read: USD/JPY rebounds above 145.00 on Fed hawkish comments and high US yields
About Tokyo CPI
The Tokyo Consumer Price Index is released by the Statistics Bureau and it's a measure of price movements obtained by comparison of the retail prices of a representative shopping basket of goods and services. The index captures inflation in Tokyo. CPI is the most significant way to measure changes in purchasing trends. The purchase power of JPY is dragged down by inflation. Generally a high reading is seen as positive.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
