The typical/expected impact on JPY pairs is medium.
The consensus forecast for National CPI ex-Fresh Food (YoY) is 1.4%. A higher value than forecast tends to be bullish for JPY/xxx pairs and bearish for xxx/JPY pairs.
Lower numbers than forecast tend to be bullish for xxx/JPY pairs and bearish for JPY/xxx pairs.
The most recent announced value for National CPI ex-Fresh Food (YoY) was 1.4% against a forecast of 1.7%.
Recent economic data has been moderately bearish for JPY. Other recent announcements which may affect the market's interpretation of the next National CPI ex-Fresh Food (YoY) result:
| Previous | Latest | ||||
|---|---|---|---|---|---|
| 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 | ||
| Current Account n.s.a. | Bearish change | ¥4681.5B | ¥3907B | ||
| Gross Domestic Product (QoQ) | (no change) | 0.5% | 0.5% | ||
| Gross Domestic Product Annualized | Bearish change | 2.1% | 1.8% | ||
| Gross Domestic Product Deflator (YoY) | Bearish change | 3.4% | 3.2% | ||
| Labor Cash Earnings (YoY) | Bullish change | 3.1% | 3.5% |
| Country: | Japan |
|---|---|
| Currency: | JPY |
| Source: | Statistics Bureau of Japan |
| Category: | Inflation |
| Frequency: | Monthly |