Tokyo CPI ex fresh food
Tokyo CPI ex fresh food yy
  • Prior was +2.4%
  • Overall CPI 3.5% vs 2.9% prior
  • Ex food and energy % y/y vs 1.1% prior
  • Ex food and energy % m/m vs +0.4% prior

USD/JPY was trading higher by 27 pips to 142.90 ahead of the report. This is a yen positive (i.e. USD/JPY negative) but there has been little reaction in the aftermath. Ueda earlier highlighted a goal of returning to sustainable 2% inflation and expressed worries about the trade war.

Source: Forex Live