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.