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

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

Varun Jaitly, Contributor

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.

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

DISCLOSURES