A range of macroeconomic reports were released in Japan today. Most of them were within expectations, giving no edge to the nation’s currency. Therefore, the Japanese yen showed no discernible trend during the current trading session, rising against some rivals and falling versus others.
Japan’s core Consumer Price Index demonstrated an annual growth of 0.7% in August, while the Tokyo core CPI rose 0.5% in September from a year ago. Both indicators matched expectations and both were better than in the previous reporting period.
Household expenditures rose 0.6% in August from the same month of the previous year, trailing expectations of a 1.0% increase. The unemployment rate stayed at 2.8% in August, unchanged from the prior month, exactly as analysts were expecting. Industrial production advanced 2.1% last month on a seasonally adjusted basis, exceeding the median forecast of a 1.8% increase. Retail sales increased 1.7% in August 2017 from August 2016, failing to meet the analysts’ average projection of 2.5%.
USD/JPY ticked up from 112.33 to 112.43 as of 10:28 GMT today, though it backed off from the daily high of 112.72. EUR/JPY went from 132.40 up to 132.81. At the same time, GBP/JPY declined from 150.96 to 150.30.
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