Published: 2024-12-11T01:22:58.000Z
USD/JPY flows: PPI Higher than estimate
FX Analyst
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Japan November PPI +0.3% m/m (expected +0.2%) and +3.7% y/y (expected +3.4%)
The Japan November PPI has come in stronger than estimated both m/m and y/y, though not by a huge extent. While PPI has been a poor indicator of its transferal to CPI, the gradual change in price setting behavior will strengthen such relationship.
USD/JPY is trading 0.13% lower at 151.75.