Market Update - Japanese Yen Strengthens on Inflation Figures - Forex News by FX Leaders

Market Update – Japanese Yen Strengthens on Inflation Figures

Posted Tuesday, November 27, 2018 by
Arslan Butt • 1 min read

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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About the author

Arslan Butt // Index & Commodity Analyst
Arslan Butt is our Lead Commodities and Indices Analyst. Arslan is a professional market analyst and day trader. He holds an MBA in Behavioral Finance and is working towards his Ph.D. Before joining FX Leaders Arslan served as a senior analyst in a major brokerage firm. Arslan is also an experienced instructor and public speaker.
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