GBP/JPY tapped a fresh 16-year high of 203.39 on Thursday as the Yen continues ot get pushed lower across the board.
GBP/JPY touches fresh 16-year highs as Yen continues to backslide. Japanese Retail Trade ticked higher, Tokyo CPI inflation next on the docket. UK GDP revision slated for Friday, little change expected. An uptick in Japanese Retail Sales early Thursday failed to spark a recovery in the Yen as JPY traders buckle down for the last print of Japan’s Tokyo Consumer Price Index inflation due early Friday.
Economic Indicator Tokyo Consumer Price Index The Tokyo Consumer Price Index , released by the Statistics Bureau of Japan on a monthly basis, measures the price fluctuation of goods and services purchased by households in the Tokyo region. The index is widely considered as a leading indicator of Japan’s overall CPI as it is published weeks before the nationwide reading. The YoY reading compares prices in the reference month to the same month a year earlier.
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