August 30, 2024 at 12:32AM
Tokyo CPI for August 2024
Excluding Fresh Food & Energy 1.6 % y/y vs 1.1% last month
Excluding Fresh Food 2.4% y/y vs 2.2% est. Prior month 2.2%
Headline CPI 2.6% vs 2.2% last month
The higher Tokyo inflation is not having a big impact on the USDJPY.
The range for the day is only about 20 pips from the high to the low. The price remains stuck between the 200-hour MA above at 145.13 and the 100 hour MA below at 144.45. The current price is trading at 145.03.
This article was written by Greg Michalowski at www.forexlive.com.
Tokyo area Aug inflation data: Headline 2.6% y/y (prior 2.2%)