Select Language

Japan inflation: National CPI climbs 2.7% YoY in March vs. 2.7% expected

blockHeadVisual
  1. HOME
  2. Get information
  3. World FX news
  4. Japan inflation: National CPI climbs 2.7% YoY in March vs. 2.7% expected

World FX news

search
Breaking news

Japan inflation: National CPI climbs 2.7% YoY in March vs. 2.7% expected

  • X
  • facebook
  • LINE
  • RSS
  • X
  • facebook
  • LINE
  • RSS
New update 2024.04.19 08:40
Japan inflation: National CPI climbs 2.7% YoY in March vs. 2.7% expected

update 2024.04.19 08:40

Japan's National Consumer Price Index (CPI) for March climbed 2.7% YoY, compared to a 2.8% uptick in February, according to the latest data released by the Japan Statistics Bureau on Friday.

Further details unveil that the National CPI ex Fresh food arrived at 2.6% YoY in February versus 2.8% prior. The figure was below the market consensus of 2.7%.  

Market reaction

Following the Japan inflation data, the USD/JPY pair is down 0.02% on the day at 154.61. 

Japanese Yen FAQs

The Japanese Yen (JPY) 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.

One of the Bank of Japan's mandates is currency control, so its moves are key for the Yen. The BoJ has directly intervened in currency markets sometimes, generally to lower the value of the Yen, although it refrains from doing it often due to political concerns of its main trading partners. The current BoJ ultra-loose monetary policy, based on massive stimulus to the economy, has caused the Yen to depreciate against its main currency peers. This process has exacerbated more recently due to an increasing policy divergence between the Bank of Japan and other main central banks, which have opted to increase interest rates sharply to fight decades-high levels of inflation.

The BoJ's stance of sticking to ultra-loose monetary policy has led to a widening policy divergence with other central banks, particularly with the US Federal Reserve. This supports a widening of the differential between the 10-year US and Japanese bonds, which favors the US Dollar against the Japanese Yen.

The Japanese Yen is often seen as a safe-haven investment. This means that in times of market stress, investors are more likely to put their money in the Japanese currency due to its supposed reliability and stability. Turbulent times are likely to strengthen the Yen's value against other currencies seen as more risky to invest in.



 

Date

Created

 : 2024.04.19

Update

Last updated

 : 2024.04.19

Related articles

Show more

Writer

FXStreet

Financial media

arrow
FXStreet

FXStreet is a forex information website, delivering market analysis and news articles 24/7.
It features a number of articles contributed by well-known analysts, in addition to the ones by its editorial team.
Founded in 2000 by Francesc Riverola, a Spanish economist, it has grown to become a world-renowned information website.

Was this article helpful?
No loading Yes loading

We hope you find this article useful. Any comments or suggestions will be greatly appreciated.  
We are also looking for writers with extensive experience in forex and crypto to join us.

please contact us at [email protected].

Thank you for your feedback.
Thank you for your feedback.

Previous article

prev

BoJ's Ueda: Chance weak Yen might affect trend inflation and could lead to policy shift

Next article

GBP/USD remains on the defensive below 1.2450 ahead of UK Retail Sales data

prev

Most viewed

BoC's Macklem: We don't have to do what the Fed does

Bank of Canada (BoC) Governor Tiff Macklem hit newswires late Wednesday, reiterating that the BoC isn't beholden to following the Federal Reserve's (Fed) playbook as the two central banks grapple with slightly different economic situations.
New
update2024.05.02 06:51

Silver Price Analysis: XAG/USD's uptrend remains intact, as bullish harami looms

Silver's price stayed firm at around $26.64 after the Fed decided to hold rates unchanged and Powell's press conference.
New
update2024.05.02 06:44

NZD/USD holds gains following Fed's decision

The NZD/USD found some momentum after the widely-anticipated Federal Reserve (Fed) decision which announced yet another hold, leaving rates at the 5.25-5.50% range.
New
update2024.05.02 06:38

Crude Oil recedes post-Fed, WTI tumbles below $80

West Texas Intermediate (WTI) US Crude Oil fell below $80.00 per barrel on Wednesday as US Crude Oil supply continues to overwhelm demand, and the US Federal Reserve (Fed) remains hobbled on the path forward toward rate cuts.
New
update2024.05.02 05:57

US Dollar stumbles following Chair Powell's remarks

The US Dollar Index (DXY) tumbled to 105.45 on Wednesday following the Federal Reserve (Fed) decision to hold rates at 5.25-5.50% and Chair Powell's cautious comments.
New
update2024.05.02 04:28

Forex Today: The Dollar lost its grip after a steady Fed

The Greenback gave away Tuesday's advance amidst declining US yields across the curve, all after the Fed left its interest rates unchanged, as expected, and Chief Powell ruled out an interest rate hike as the Fed's next move.
New
update2024.05.02 04:17

Powell speech: Pending elections are not part of our thinking

Federal Reserve Chairman Jerome Powell explains the decision to leave the policy rate, federal funds rate, unchanged at the range of 5.25-5.5% and responds to questions in the post-meeting press conference.
New
update2024.05.02 04:11

Powell speech: Restrictive monetary policy needs more time to do its job

Federal Reserve Chairman Jerome Powell explains the decision to leave the policy rate, federal funds rate, unchanged at the range of 5.25-5.5% and responds to questions in the post-meeting press conference.
New
update2024.05.02 04:04

Powell speech: Economy has been very hard for forecasters to predict

Federal Reserve Chairman Jerome Powell explains the decision to leave the policy rate, federal funds rate, unchanged at the range of 5.25-5.5% and responds to questions in the post-meeting press conference.
New
update2024.05.02 03:58

Powell speech: No obvious connection between easing in financial conditions and inflation

Federal Reserve Chairman Jerome Powell explains the decision to leave the policy rate, federal funds rate, unchanged at the range of 5.25-5.5% and responds to questions in the post-meeting press conference.
New
update2024.05.02 03:51

Disclaimer:arw

All information and content provided on this website is provided for informational purposes only and is not intended to solicit any investment. Although all efforts are made in order to ensure that the information is correct, no guarantee is provided for the accuracy of any content on this website. Any decision made shall be the responsibility of the investor and Myforex does not take any responsibility whatsoever regarding the use of any information provided herein.

The content provided on this website belongs to Myforex and, where stated, the relevant licensors. All rights are reserved by Myforex and the relevant licensors, and no content of this website, whether in full or in part, shall be copied or displayed elsewhere without the explicit written permission of the relevant copyright holder. If you wish to use any part of the content provided on this website, please ensure that you contact Myforex.

arw
  • Facebook
  • Twitter
  • LINE

Myforex uses cookies to improve the convenience and functionality of this website. This website may include cookies not only by us but also by third parties (advertisers, log analysts, etc.) for the purpose of tracking the activities of users. Cookie policy

I agree
share
Share
Line

Line
Facebook

Facebook
X

Twitter
Cancel