Japan Sep inflation: Headline CPI 0.2% y/y (vs. expected 0.2% & prior 0.3%)

Ross J Burland FXStreet

Japanese inflation data for September arrived with the headline Consumer Price index in at 0.2% Year over Year, (YoY) vs. the expected 0.2% & prior 0.3%.

Japan CPI (YoY) sep: 0.2% (est 0.2%, prev 0.3%).
Ex fresh food (YoY): 0.3% (est 0.3%, prev 0.5%).
Ex fresh food, energy (YoY): 0.5% (est 0.5%, prev 0.6%).

FX implications:

Nothing here to change the game of play for the Yen but it will add to the case for renewed easing steps by the BoJ end-October, as they have already hinted - USD/JPY trades at 108.55, a touch below the 200-day moving average at 109.05.

Author

Ross J Burland

FXStreet

Ross J Burland, born in England, UK, is a sportsman at heart. He played Rugby and Judo for his county, Kent and the South East of England Rugby team.

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