Lower numbers than forecast tend to be bullish for xxx/JPY pairs and bearish for JPY/xxx pairs.
The typical/expected impact on JPY pairs is medium.
The consensus forecast for Tokyo CPI ex Fresh Food (YoY) is 1.6%. A higher value than forecast tends to be bullish for JPY/xxx pairs and bearish for xxx/JPY pairs.
The most recent announced value for Tokyo CPI ex Fresh Food (YoY) was 1.3% against a forecast of 1.5%.
Recent economic data has been broadly neutral for JPY. Other recent announcements which may affect the market's interpretation of the next Tokyo CPI ex Fresh Food (YoY) result:
| Previous | Latest | ||||
|---|---|---|---|---|---|
| National Consumer Price Index (YoY) | Bullish change | 1.4% | 1.5% | ||
| National CPI ex Food, Energy (YoY) | Bearish change | 1.9% | 1.8% | ||
| National CPI ex Fresh Food (YoY) | (no change) | 1.4% | 1.4% | ||
| Adjusted Merchandise Trade Balance | Bearish change | ¥198.6B | ¥-90.4B | ||
| Exports (YoY) | Bullish change | 14.8% | 17% | ||
| Imports (YoY) | Bullish change | 9.8% | 12.5% | ||
| Merchandise Trade Balance Total | Bearish change | ¥299.3B | ¥-378.7B |
| Country: | Japan |
|---|---|
| Currency: | JPY |
| Source: | Statistics Bureau of Japan |
| Category: | Inflation |
| Frequency: | Monthly |