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Japan CPI data for April 2024 – all three measures come in lower than in March

The ‘core’ measure (excluding food) is a touch lower at 2.2%, but above the 2% target for the 25th month in a row

  • 2.2% is the lowest for this since June of 2022 January 2024

‘Core-core’ (excluding food and energy, the closest to the US measure of core inflation) comes in at 2.4%. Solidly above 2% still.

USD/JPY is little changed around 156.95.

This article was written by Eamonn Sheridan at www.forexlive.com.

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