The Tokyo inflation data is here:
Tokyo area November inflation data, a big jump higher: Headline 2.6% y/y (prior 1.8%)
And concerns about a leak were aired here:
USD/JPY towards 151.10 – the drop began before the CPI data officially published
The Wall Street Journal have a recap of the data. The Journal is gated but if you can access it, link is here.
A snippet from the report:
consumer prices, excluding fresh food, for the Tokyo metropolitan area … first acceleration in the pace of inflation in three monthssuggesting that inflation is developing in line with the central bank’s expectations
Energy prices increased due to the receding effects of government energy subsidiesService prices—which BOJ Gov. Kazuo Ueda is keeping a close eye on—rose 0.9%, slightly faster than October’s 0.8% increase.
The pickup in inflation likely backs the view for an imminent interest-rate increase
The yen has surged:
This article was written by Eamonn Sheridan at www.forexlive.com.
