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.

GBP/USD falters ahead 1.3400

GBP/USD has advanced just past the 1.3400 barrier before losing some momentum on Tuesday. Cable has since edged lower to trade around 1.3380 as investors turned more cautious following reports that Iran had targeted commercial vessels attempting to transit the Strait of Hormuz.

EUR/USD treads water near 1.1440

EUR/USD struggles to gather bullish momentum on Tuesday, trading in a tight range around 1.1400. The pair lacks clear direction amid the equally vacillating price action in the US Dollar, all against the backdrop of renewed tensions in the Strait of Hormuz and a sell-off in Asian technology stocks.

Gold picks up pace, retargets $4,200

Gold bounces off earlier lows and hovers around the $4,180 region per troy ounce on Tuesday. Fresh geopolitical effervescence lend support to inflation concerns and seem to limit the yellow metal’s bull run for now.

Bitcoin: BTC struggles despite renewed ETF inflows as Strategy sale impact fades

Bitcoin (BTC) falls below $64,000 on Tuesday, erasing part of the recent gains following six consecutive days of price rises. Institutional demand shows signs of recovery, with spot ETFs recording a second day of inflows through Monday after weeks of outflows.

Bye, forward guidance: How to trade when central banks choose silence

Central banks have spent years telling markets what might come next. Now, traders face the possibility that they say a lot less. From the Federal Reserve to the European Central Bank and the Bank of England, policymakers are pushing back against forward guidance, arguing that the current world demands more flexibility.