USD/JPY Trading Steady; Japanese Consumer Confidence Eases, Tokyo's CPI Falls

USD/JPY is trading at 114.31, down 0.04. Japan's Cabinet Office reported that Japan's consumer confidence for February eased to 43.1 from 43.2 in January. Japan's Ministry of Internal Affairs and Communications reported that year over year CPI (consumer prices) rose 0.4 percent during January versus a rise of 0.3 percent in December. Core consumer prices rose 0.1 percent versus a 0.2 percent fall in December. On the month CPI rose by 0.1 percent in January versus the 0.2 percent decline in December. During February Tokyo's year over year CPI fell 0.3 percent versus a 0.1 percent rise in January, Tokyo's Core CPI fell 0.3 percent versus a year ago, the same as January's decline.