Japan's headline National Consumer Price Index (CPI) held steady and came in at the 2.8% YoY rate for June.
Japan 's headline National Consumer Price Index held steady and came in at the 2.8% YoY rate for June. Meanwhile, Core CPI inflation – or headline CPI inflation less volatile food prices – rose by 2.6% during the reported period versus the previous 2.5% and consensus estimates for a reading of 2.7%. Furthermore, Core-core Japan ese CPI – or CPI inflation less both food and energy prices – ticks higher in June and grew 2.2% YoY rate from the previous 2.1%.
The Fed has already taken measures to tame inflation and is expected to maintain an aggressive stance in the foreseeable future. Japanese Yen FAQs What key factors drive the Japanese Yen? The Japanese Yen is one of the world’s most traded currencies. Its value is broadly determined by the performance of the Japanese economy, but more specifically by the Bank of Japan’s policy, the differential between Japanese and US bond yields, or risk sentiment among traders, among other factors.
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