Japan Inflation: Tokyo Consumer Price Index rises by 1.8% YoY in October vs. 2.2% prior
The headline Tokyo Consumer Price Index (CPI) for October rose 1.8% YoY as compared to 2.2% in the previous month, the Statistics Bureau of Japan showed on Friday. Meanwhile, the Tokyo CPI ex Fresh Food, Energy came in at 1.8% vs. 1.6% in September. Additionally, Tokyo CPI ex Fresh Food increased 1.8% in October against 1.7% expected and down from 2% in the prior month.
Market Reaction
The data does little to influence the Japanese Yen (JPY) or provide any meaningful impetus to the USD/JPY pair, which is currently placed just below the 152.00 round-figure mark.
(This story was corrected on October 25 at 02:35 GMT to say that Tokyo CPI ex Fresh Food increased 1.8% in October against 1.7% expected and down from 2% in the prior month, not from 1.6% to 1.8%)
Forex News
Keep up with the financial markets, know what's happening and what is affecting the markets with our latest market updates. Analyze market movers, trends and build your trading strategies accordingly.
