Market Updates: Tokyo CPI Rise Accelerates; BOJ Cautious

The Tokyo core CPI grew 1.1% on year in January, expediting from a 0.9% rise in December.


The pace of the annual inflation rate in Tokyo, a leading indicator of the national average, expedited in January from the prior month, but the Bank of Japan’s cautious view on price outlook continues.

The Tokyo core CPI grew 1.1% on year in January, expediting from a 0.9% rise in December.

Fellas, it can be a misleading indicator as the rise can be due to a rise in crude oil prices (+0.40 percentage points in Jan. vs. +0.38 pts in Dec). The pick-up in inflation remains dull, compared with the economic recovery and the labor market tightening.

USD/JPY hasn’t shown any reaction to this news and continues to trade around $109.800.

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Arslan Butt
Index & Commodity Analyst
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.

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