Developing story
We are seeing Japan releases today in a flurry of data, including Tokyo Jan CPI and Dec industrial production. This is all comes in at month-end, so flows could be irregular. there has been no immediate reaction to the data.
Data dump
- JAPAN DEC JOBS-APPLICANTS RATIO AT 1.57, UNCHANGED FROM NOV -GOVT (REUTERS POLL: 1.56)
- 30-Jan-2020 17:30:04 – JAPAN DEC SEASONALLY ADJUSTED JOBLESS RATE 2.2% – GOVT(REUTERS POLL: 2.3%)
- – TOKYO AREA JAN CORE CPI +0.7% YEAR/YEAR – GOVT (REUTERS POLL: +0.8%)
- 30-Jan-2020 17:30:11 – TOKYO AREA JAN OVERALL CPI +0.6％ YR/YR – GOVT
- 30-Jan-2020 17:30:14 – TOKYO AREA JAN CPI EXCLUDING FRESH FOOD, ENERGY PRICES +0.9% YR/YR – GOV
Description
The Tokyo Consumer Price Index released by the Statistics Bureau is a measure of price movements obtained by comparison of the retail prices of a representative shopping basket of goods and services, excluding fresh food. The index captures inflation in Tokyo. The purchase power of JPY is dragged down by inflation. Generally a high reading is seen as positive for the JPY.
Market implications
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USD/JPY awaits fresh clues to take out 109.00 amid broad risk aversion
More to come…
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