Market Update – Japanese Yen Strengthens on Inflation Figures
The Japanese inflation figure has surged to 0.6% vs. 0.5% forecast. However, it's still below Bank of Japan's 2% target...
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Last updated: Tuesday, November 27, 2018
BOJ Core CPI y/y – Traders, the CPI accounts for a majority of overall inflation. Inflation is important to currency valuation because rising prices lead the central bank to raise interest rates out of respect for their inflation containment mandate.
That being said, the Japanese inflation figure has surged to 0.6% vs. 0.5% forecast. However, it’s still below Bank of Japan’s 2% target.
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Arslan Butt
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Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.
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