USD/JPY Little Changed, Japan CPI Improves, Core CPI Slips

USD/JPY is trading at 117.20, down 0.13

Japan's Ministry of Internal Affairs and Communications reported that November year over year CPI (consumer prices) rose 0.5 percent versus a rise of 0.1 percent in October. It was the highest inflation rate in Japan since April aided by higher fresh food prices. Core CPI which exclude fresh food prices fell 0.4 percent for versus a decline of 0.4 percent during October. On the month Japan's November CPI was flat versus a rise of 0.6 percent in October.