Inflation picking up in Japan

FXstreet.com (Barcelona) - The latest Japanese CPI release indicates that some minor inflation pressure are starting to be noted. JPY National Consumer Price Index (YoY) (Jul) came at 0.2%vs 0.1% exp and -0.3% last. The National CPI Ex-Fresh Food (YoY) (Jul) also known as 'Core' stood at 0.4%vs 0.3% exp and 0.0% last. The National CPI Ex Food, Energy (YoY) (Jul) was -0.2%vs--0.3% exp and -0.4% prior. In Tokyo, the Consumer Price Index (YoY) (Jul) came at 0.4% vs 0.2% exp and 0.0% last, the CPI ex Fresh Food (YoY) (Jul) saw 0.3%vs 0.3% exp and 0.2% last. Lastly, the CPI ex Food, Energy (YoY) (Jul) stood at -0.4%vs -0.4% exp and -0.4% prior.

USD/JPY reacts higher on rising Japan CPI

The USD/JPY foreign exchange rate is last trading near session highs at 99.37 following latest Japan CPI data showing 3rd consecutive month increase for first time since mid 2011.
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