Japan April Tokyo CPI ex-fresh meals +three.four% vs +three.2% anticipated
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- Prior was +2.four%
- Total CPI three.5% vs 2.9% prior
- Ex meals and vitality % y/y vs 1.1% prior
- Ex meals and vitality % m/m vs +zero.four% prior
USD/JPY was buying and selling larger by 27 pips to 142.90 forward of the report. It is a yen optimistic (i.e. USD/JPY unfavorable) however there was little response within the aftermath. Ueda earlier highlighted a aim of returning to sustainable 2% inflation and expressed worries concerning the commerce conflict.
This text was written by Adam Button at www.ubaidahsan.com.
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