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.

Free Trading Guides
Subscribe
Please try again
Select

Live Webinar Events

0

Economic Calendar Events

0

Notify me about

Live Webinar Events
Economic Calendar Events

H

High

M

Medium

L

Low
More View More
Yen Brushes Off Worse Than Expected CPI and Jobless Rate Data

Yen Brushes Off Worse Than Expected CPI and Jobless Rate Data

Daniel Dubrovsky, Contributing Senior Strategist

Share:

Talking Points

  • Yen shows tepid reaction vs. majors after inflation, employment data
  • CPI ex-food -0.5% y/y in August vs.-0.4% expected and -0.5% prior
  • Jobless rate 3.1% y/y in August vs. 3.0% expected and 3.0% in July

Having trouble trading the Japanese Yen? This may be why.

The Japanese Yen showed a reserved reaction to reports of some worse than expectednational consumer prices and jobless rate readings. CPI clocked in at -0.5 percent year-on-year in August versus -0.5 percent expected and -0.4 percent in July. CPI excluding fresh food - the Bank of Japan’s main target - declined 0.5% versus -0.4% expected and -0.5% prior.

Meanwhile, the jobless rate ticked higher to3.1percent from 3.0 percent. Economists were expecting the unemployment rate to remain at 3.0 percent. The job-to-applicant ratio held steady as expected at last month’s reading of 1.37.

The central bank announced a major change in its stimulus regime last week. A wait-and-see period to gauge the effect of the new program will probably follow. With that in mind, traders may have judged that today’s data release has relatively little impact on near term policy trends, accounting for the Yen’s tepid reaction.

Want to learn more about the DailyFX SSI indicator? Click here to watch a tutorial.

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

DISCLOSURES