Recapping that data from Japan earlier:
Japan data – April PPI +0.2% m/m (expected +0.2%) & +4.0% y/y (expected +4.0%)
Yen slipping a little after the as expected wholesale inflation data
The rise in Japan’s wholesale prices in April was a little less than in March. The small appreciation of JPY tooks some inflationary pressure off the price of imported goods (there is an import price graph in that first post linked above)
Prices remained high, though, for fuel and rice (Japan’s government has released rice from it strategic reserve but price declines are slow to filter through).
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Yen is back to where it started after a small slide was reversed:
This article was written by Eamonn Sheridan at www.forexlive.com.
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