Market Updates: BOJ Core CPI Slips to 0.5%, Misses Forecast
The Bank of Japan just released the Inflation numbers for the Japanese economy. Basically, the CPI (Consumer Price Index) account for...
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Last updated: Wednesday, December 26, 2018
The Bank of Japan just released the Inflation numbers for the Japanese economy. Basically, the CPI (Consumer Price Index) accounts for a significant 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.
The inflation figures slipped again from 0.6% to 0.5%, adding to sentiments that the Bank of Japan will keep the interest rates unchanged. The USD/JPY remains neutral at $110.391, perhaps due to a lack of volatility in the market.
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Arslan Butt
Lead Markets Analyst – Multi-Asset (FX, Commodities, Crypto)
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.
His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.
His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.
