Tokyo area Aug inflation data: Headline 2.6% y/y (prior 2.2%)

Tokyo CPI for August 2024

• Excluding Fresh Food & Energy 1.6 % y/y vs 1.1% last month
• Excluding Fresh Food 2.4% y/y vs 2.2% est. Prior month 2.2%
• Headline CPI 2.6% vs 2.2% last month

The higher Tokyo inflation is not having a big impact on the USDJPY.

The range for the day is only about 20 pips from the high to the low. The price remains stuck between the 200-hour MA above at 145.13 and the 100 hour MA below at 144.45. The current price is trading at 145.03.

This article was written by Greg Michalowski at www.forexlive.com.