Tokyo area Feb core CPI+0.5% year/year - govt (Reuters poll: +0.6%)

Ross J Burland FXStreet

Core consumer prices in Tokyo rose 0.5 percent in February from a year earlier, government data showed on Friday.

Key notes

Tokyo area Feb core CPI+0.5% YoY - govt (Reuters poll: +0.6%).
Tokyo area Feb overall CPI +0.4% YoY - govt.
Tokyo area Feb cpi excluding fresh food, energy prices +0.7% YoY- govt.

The core consumer price index for Japan’s capital, which includes oil products but excludes fresh food prices, compared with economists' median estimate for a 0.6 percent annual rise.

Core consumer prices in Tokyo rose 0.5 percent in February from a year earlier, government data showed on Friday.

The core consumer price index for Japan’s capital, which includes oil products but excludes fresh food prices, compared with economists' median estimate for a 0.6 percent annual rise,

– Reuters News.

Full report

FX implications

The markets are risk-off and the yen has taken up its place as a risk-off currency again following some doubts as to whether it could function as so considering the massive deterioration in Gross Domestic Product in the nation and likely easing by the Bank of Japan.

We have the coronavirus as well as escalations of war between Russia and Turkey over Syria – more on that here: The killing of 29 Turkish troops creating risk-off in early AsiaThe killing of 29 Turkish troops creating risk-off in early Asia

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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