Japan PPI, AKA Corporate Goods Price Index, for June 2023. This is ‘wholesale’ level inflation, the price that firms charge each other for products.
-0.2% m/m
expected +0.2%, prior -0.7%
+4.1% y/y
- expected 4.4%, prior 5.1%
This data point is from the Bank of Japan. A piece in the Niklkei today cites an expected policy tweak from the Bank this month as a reason for the yen surge:
Note, the Nikkei may be gated.
This article was originally published by Forexlive.com. Read the original article here.