Market Overview

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.


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