Market Updates: BOJ Core CPI Slips to 0.5%, Misses Forecast

Posted Wednesday, December 26, 2018 by
Arslan Butt • 1 min read

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. 

Check out our free forex signals
Follow the top economic events on FX Leaders economic calendar
Trade better, discover more Forex Trading Strategies
Related Articles
0 0 vote
Article Rating
Notify of
Inline Feedbacks
View all comments