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.

0

Notifications

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

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
EUR/USD
Mixed
Oil - US Crude
Bearish
Wall Street
Mixed
Gold
Mixed
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
GBP/USD
Mixed
USD/JPY
Bullish
More View more
Real Time News
  • YouGov MRP poll has Joe Biden winning 350 electoral college votes vs Donald Trump's 188 https://t.co/WDtIRbAjxc
  • Forex Update: As of 10:00, these are your best and worst performers based on the London trading schedule: 🇬🇧GBP: 1.14% 🇦🇺AUD: 0.42% 🇨🇭CHF: 0.27% 🇯🇵JPY: 0.20% 🇳🇿NZD: 0.13% 🇨🇦CAD: 0.12% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/YRBEIKTqht
  • Have you been catching on your @DailyFX podcast "Global Markets Decoded"? Catch up on them now, before new episodes release! https://t.co/Twr44cZ1GB https://t.co/vGsD1XQ1iO
  • Indices Update: As of 10:00, these are your best and worst performers based on the London trading schedule: Germany 30: 2.72% France 40: 2.05% FTSE 100: 1.45% US 500: 0.92% Wall Street: 0.92% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/gndH5K2dbX
  • BoE's Ramsden says the BoE are not about to use negative rates imminently
  • BoE's Ramsden says if you have negative rates in the toolbox, you are duty bound to explore in more detail the operational considerations $GBP
  • BoE's Ramsden says he sees effective lower bound is still at 0.1% $GBP
  • BoE's Ramsden says the initial fall in the UK and global activity was less sharp than BoE feared in May $GBP
  • Japan will remove travel bank for 10 countries or more from from the beginning of October, according to Nikkei Asian Review
  • Brexit latest: Unlike the EU, the UK have tunnel vision https://t.co/yKrIlhghPV
Japanese Yen Little Changed Following Strong CPI Data, BOJ on Tap

Japanese Yen Little Changed Following Strong CPI Data, BOJ on Tap

2017-10-27 00:44:00
Varun Jaitly,
Share:

Talking Points:

  • Japanese consumer prices rose 0.7% in September for both headline data and excluding fresh food
  • The Japanese Yen saw little to no change following the data release which met analyst expectations
  • This release of Japanese CPI marks two months of the strongest gains in prices since March 2015

Curious about how traders are placing their bets on the Japanese Yen? Check out our IG Client Sentiment indicator to see how traders are positioning in the Forex market on the DailyFX Sentiment Page.

The Japanese Yen saw little to no change following the release of national consumer price data for the month of September. All three CPI figures released met analyst expectations, with headline prices rising 0.7 percent as expected. Consume prices excluding fresh food also rose 0.7 percent, as expected. Both headline consumer prices, and prices excluding fresh food rose 0.7 percent over the last two months, signaling two months of the strongest gains in inflation since March 2015.

Despite the relatively firm data, the Japanese Yen and local bond yields did not react extensively. As the week comes to a close traders may be shifting their focus to next week’s Bank of Japan policy meeting, followed by a press briefing with Governor Kuroda. The BOJ will also be releasing its semiannual Outlook Report at next week’s meeting.

Japanese Yen Little Changed Following Strong CPI Data, BOJ on Tap

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

DISCLOSURES