Skip to content
News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
More View more
Japanese Yen Little Changed as CPI Remains Within BOJ Expectations

Japanese Yen Little Changed as CPI Remains Within BOJ Expectations

Daniel Dubrovsky, Strategist

Talking Points:

  • USDJPY little changed after Japanese data crossed the wires
  • Japan’s national CPI fell to 0.4% y/y in June versus 0.5% in May
  • CPI remains in line with BOJs’ expectations for the time being

The Japanese Yen was little changed versus the US Dollar after Japan’s CPI figures crossed the wires. National CPI fell to 0.4 percent year-over-year (YoY) in June versus 0.5 percent in May. National CPI, excluding fresh food, remained unchanged at 0.1 percent (YoY) in June. Finally, national CPI, excluding food and energy, increased to 0.6 percent (YoY) in June versus 0.4 percent in May.

In its July monetary policy statement, the Bank of Japan said that CPI will likely remain 0 percent for the time being. The data appeared to have no significant impact on expectations for the BOJ as it continues to implement open-ended quantitative easing in order to bring inflation to its 2 percent target. USDJPY likely declined in the aftermath on fueled risk aversion as the Nikkei 225 gapped lower on Friday’s open.

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.