Japan's Tokyo CPI: 0.6%, expected 0.8%

Joshua Gibson FXStreet

Japan's Tokyo CPI, the indicator used a way to suss out the national figures that publish at a later date, missed expectations to print at 0.6% as the Bank of Japan's struggle to breathe life into Japan's inflation figures continues to miss the mark. The BoJ's 2% target is beginning to look far over the horizon with Tokyo CPI missing the 0.8% expectation, slumping further back from the previous figures than anticipated, while unemployment continues to hold steady at 2.5%.

GMT	Event	Actual	Consensus	Previous
Thursday, Apr 26
23:30	JPY Unemployment Rate	2.5%	2.5%	2.5%
23:30	JPY Jobs/applicants ratio	1.59	1.59	1.58
23:30	JPY Tokyo CPI ex Fresh Food (YoY)	0.6%	0.8%	0.8%
23:30	JPY Tokyo Consumer Price Index (YoY)	0.5%	0.8%	1.0%
23:30	JPY Tokyo CPI ex Food, Energy (YoY)	0.3%	0.5%	0.5%

Author

Joshua Gibson

FXStreet

Joshua joins the FXStreet team as an Economics and Finance double major from Vancouver Island University with twelve years' experience as an independent trader focusing on technical analysis.

EUR/USD bounces off lows, back to 1.1860

EUR/USD now manages to regain some balance, retesting the 1.1860-1.1870 band after bottoming out near 1.1830 following the US NFP data on Wednesday. The pair, in the meantime, remains on the defensive amid fresh upside traction surrounding the US Dollar.

GBP/USD rebounds to 1.3660, USD loses momentum

GBP/USD trades with decent gains in the 1.3660 region, regaining composure following the post-NFP knee-jerk toward the 1.3600 zone on Wednesday. Cable, in the meantime, should now shift its attention to key UK data due on Thursday, including preliminary GDP gauges.

Gold stays bid, still below $5,100

Gold keeps the bid tone well in place on Wednesday, retargeting the $5,100 zone per troy ounce on the back of humble gains in the US Dollar and firm US Treasury yields across the curve. Moving forward, the yellow metal’s next test will come from the release of US CPI figures on Friday.