Japanese Yen: Tokyo CPI and intervention data watched – Deutsche Bank
Deutsche Bank analysts expect Japan’s Tokyo Consumer Price Index (CPI) to show a slight acceleration, with core CPI ex fresh food seen at 1.6% YoY and core-core at 2.0%. Industrial production is forecast to rise 0.2% MoM. The Ministry of Finance (MoF) will also publish results of recent foreign exchange interventions, which could be relevant for Japanese Yen dynamics.
Tokyo CPI and MoF FX intervention results
"Over in Asia, the focus will be on Japan, where the Tokyo CPI on Friday will provide an early read on national inflation trends."
"Economic activity data is also due Friday, featuring the April industrial production and retail sales indicators."
"In terms of forecasts, our Chief Japan economist sees core CPI ex. fresh food speeding up to 1.6% YoY (1.5% in April) and core-core ex. fresh food and energy to 2.0% (+1.9%)."
"For industrial production, he expects a +0.2% MoM increase."
"Finally, ... the Ministry of Finance will announce the results of its forex market interventions conducted from 28 April to 27 May on Friday."
(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor.)
Recommended Articles
