The headline Tokyo Consumer Price Index (CPI) for July rose 2.0% YoY as compared to 1.7% in the previous month, the Statistics Bureau of Japan showed on Friday.
Additionally, Tokyo CPI ex Fresh Food climbed climbed 1.9% YoY in July against 1.7% expected and 1.6% in the prior month. The Tokyo CPI ex Fresh Food, Energy jumped 2.0% YoY in July, compared to the previous reading of 1.9%.
USD/JPY reaction to the Tokyo Consumer Price Index data
The Japanese Yen (JPY) recovers some lost ground in an immediate reaction to the Tokyo CPI inflation report. As of writing, the USD/JPY pair is down 2.10% on the day at 159.95.
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