Japanese Corporate Service Price Index climbs to 2.8% annually from 2.3%

Source Fxstreet

The Japanese Corporate Services Price Index, a measure of input prices paid by corporations, rose to 2.8% for the year ended in April, compared to the previous month's annualized 2.3%.

April's uptick in corporate inflation represents the highest rate of price growth impacting corporations since 2015.

Market reaction 

USD/JPY is trading tightly on the bearish side of the 157.00 handle as Pacific session traders come online on Tuesday.

About Japanese Corporate Services Price Index

The Corporate Service Price Index (CSPI) released by the Bank of Japan measures the prices of services traded among companies. It presents price developments that reflect most sensitively the supply and demand conditions in the services market. It is also considered as an indicator for inflationary pressures. Normally, a high reading is seen as positive (or bullish) for the JPY, while a low reading is seen as negative (or bearish).

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
US Dollar Index (DXY) treads water around 97.60 with all eyes on the FedThe US Dollar has opened the week on a moderate bearish tone.
Author  FXStreet
14 hours ago
The US Dollar has opened the week on a moderate bearish tone.
placeholder
Forex Today: Big central bank week begins in a calm mannerMajor currency pairs trade in familiar ranges to start the week as investors gear up for key macroeconomic data releases and central bank meetings.
Author  FXStreet
16 hours ago
Major currency pairs trade in familiar ranges to start the week as investors gear up for key macroeconomic data releases and central bank meetings.
placeholder
WTI Oil approaches $63.00 following attacks on Russian plantsCrude Oil is posting minor gains on Monday, with price action approaching levels close to $63.00 after bouncing from lows of $61.50 on Friday.
Author  FXStreet
16 hours ago
Crude Oil is posting minor gains on Monday, with price action approaching levels close to $63.00 after bouncing from lows of $61.50 on Friday.
placeholder
BNB Keeps Surging! $1,000 Milestone Within ReachBinance Coin has gained over 6% in the past week, setting a new all-time high.
Author  TradingKey
16 hours ago
Binance Coin has gained over 6% in the past week, setting a new all-time high.
placeholder
EUR/GBP falls below 0.8650 on fears over France’s political crisisThe EUR/GBP cross attracts some sellers to near 0.8645 during the early European session on Monday.
Author  FXStreet
16 hours ago
The EUR/GBP cross attracts some sellers to near 0.8645 during the early European session on Monday.
Related Instrument
goTop
quote