USD/JPY Moves Up, CPI In Japan Slips

USD/JPY is trading at 115.06, up 0.63. Japan's Ministry of Internal Affairs and Communications reported that December year over year consumer prices (CPI) eased to a rise of 0.3 percent from a rise of 0.5 percent during November. Japan's Core consumer prices fell 0.2 percent versus a year ago after falling 0.5 percent in November. On the month CPI declined by 0.2 percent in December after a flat reading during November. During January Tokyo's year over year CPI rose 0.1 percent after a flat reading in December. Tokyo's Core CPI fell 0.3 percent following a decline of 0.6 percent in December.