Japan’s Inflation Matches Expectations, Yen Falls on Risk Appetite

The Japanese yen fell today amid mild risk appetite on markets. Japan’s inflation came out within expectations but was still far away from the central bank’s 2% target.
The national Consumer Price Index rose 0.2% in January from a year ago, slowing from 0.3% in December. Core inflation was at 0.8%. It was within expectations and slightly higher than 0.7% in the previous month.
USD/JPY edged up from 110.69 to 110.88 as of 11:12 GMT today. EUR/JPY gained from 125.43 to 125.75.

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