Japan's core consumer prices rose 0.8 percent in January from a year earlier - Reuters

Ross J Burland FXStreet

Reuters notes that Japan's core consumer prices rose 0.8% in January from a year earlier, government data showed on Friday with the core consumer price index, which includes oil products but excludes fresh food prices, compared with economists' median estimate for a 0.8% annual gain.

Stripping away the effect of fresh food and energy, consumer prices rose 0.8% in January from a year ago.

Key notes

Japan CPI (Y/Y) Jan 0.7% (est 0.7%; prev 0.8%).
Japan CPI Ex. Fresh Food (Y/Y) Jan 0.8% (est 0.8%; prev 0.7%).
Japan CPI Ex. Fresh Food & Energy (Y/Y) Jan 0.8% (est 0.8%; prev 0.9%).

Full report

The consumer price index for Japan in January 2020 was 102.2 (2015=100), up 0.7% over the year before seasonal adjustment, and the same level as the previous month on a seasonally adjusted basis.

Source

FX implications

USD/JPY struggles around 112.00 amid fresh risk-off, Japan data

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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