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Tokyo CPI rises to 2.7% YoY in September, lifting yen demand

Tokyo core CPI excluding fresh food rose 2.7% YoY, while ex fresh food and energy jumped 3.0% YoY.

Reported · Written up by our desk · Major Pairs

Japan’s Tokyo inflation accelerated in September, with headline Tokyo CPI climbing 2.7% year on year, up from 1.9% in the prior month, according to data from the Statistics Bureau of Japan, as reported by FXStreet.

FXStreet also noted that Tokyo CPI excluding fresh food rose 2.7% YoY, compared with 2.4% expected and 1.8% previously, while Tokyo CPI ex fresh food and energy increased 3.0% YoY versus 2.0% before.

Following the report, some buyers moved into the Japanese yen, and FXStreet said USD/JPY was up 0.28% on the day at 157.85.

Latest closeUSD/JPY 157.84 ▼0.3%

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