Published: 2024-09-12T03:17:05.000Z
USD/JPY flows: Lower PPI
FX Analyst
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Japan PPI (August) -0.2% m/m (expected +0.0%) and +2.5% y/y (expected +2.8%)
The Japan August PPI came in at -0.2% m/m, lower than expected at +0.0% and +2.5% y/y, lower than expected +2.8%. It paints a dire picture for the BoJ with input inflation flying below consensus.
USD/JPY is trading 0.05% higher at 142.44.