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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