Tokyo August headline CPI 2.6% y/y
The August Tokyo headline CPI came in at 2.6% y/y, moderating from 2.9% in July. However, ex fresh food and energy remain elevated at 3.1%, despite ex fresh food also moderates. It continues to point towards stubborn underlying inflation and could further pressure the BoJ to hike.
USD/JPY is trading 0.01% higher at 146.95.
