Japanese CPI: Up 0.3% over the year before seasonal adjustment

  • Japan CPI (YoY) Aug: 0.3% (est 0.3%, prev 0.5%).
  • This is the sort of reading that is behind the Bank of Japan’s dovish tone.

The Japanese consumer price index for Japan in June 2019 was 101.8 (2015=100), up 0.3% over the year before seasonal adjustment, and the same level as the previous month on a seasonally adjusted basis.

  • Japan CPI (YoY) Aug: 0.3% (est 0.3%, prev 0.5%).
  • CPI ex fresh food (YoY) Aug: 0.5% (est 0.5%, prev 0.6%).
  • CPI ex fresh food, energy (YoY) Aug: 0.6% (est 0.5%, prev 0.6%).

Yesterday which sets the stage for fresh easing steps end-October.

We had a 7-2 vote, the Bank of Japan (BoJ) this morning kept its Quantitative and Qualitative Easing (QQE) with yield curve control and forward guidance unchanged:

“The BoJ remains in wait-and-see mode but recognises that risks from overseas economies continue to increase and now judges that it is becoming necessary to pay closer attention to the possibility that the momentum towards achieving the price stability target will be lost. If the outlook sours further and fosters JPY strengthening, the BoJ could take action in October by cutting the policy rate further into negative as the first line of defence," analysts at Danske Bank explained. 

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.

Feed news

FXStreet Trading Signals now available!

Access to real-time signals, community and guidance now!

Latest Forex News

Editors’ Picks

EUR/USD hits three-month highs above 1.1150 amid relentless USD selling

EUR/USD extends the advance above 1.1150, hitting fresh three-month highs amid relentless US dollar selling and the upbeat market mood. The focus remains on the Eurozone/ US PMIs.


GBP/USD regains 1.2400 ahead of UK Manufacturing PMI

GBP/USD climbs back above 1.2400 as the US dollar sees a fresh leg lower in early Europe. Calls of further help to British employees add to the upside momentum. The UK/US PMIs eyed ahead of Tuesday's Brexit talks. 


FX Today: USD hit by escalating US riots, risk-on mood; US ISM PMI eyed amid light trading

The US dollar took a beating across the board starting out a new month/ week, as markets breathed a sigh of relief on the US’ softer stance on China. The dollar weakness was also backed by the escalating riots in the US cities, with curfews imposed on major cities. 

Read more

Gold: Teasing a rectangle breakout, $1750 in sight

Gold bulls gathering pace for the next push higher. The extension of last week’s rally in the yellow metal is mainly driven by the sell-off in the US dollar across the board, in the wake of US-China trade war relief and escalating US riots.

Gold News

WTI: Overbought RSI challenges the bulls above $35.50

WTI seesaws around 7-week-old resistance line, retreats from highest since March 11. A short-term ascending trend line on the bears’ radars during the pullback. 100-day SMA, 61.8% Fibonacci retracement together offers strong upside barrier.

Oil News