Japan’s National Consumer Price Index (CPI) for February climbed to 2.8% YoY from 2.2% in January, according to the latest data released by the Japan Statistics Bureau on Friday.
Japan’sNational Consumer Price Index for February climbed to 2.8% YoY from 2.2% in January, according to the latest data released by the Japan Statistics Bureau on Friday. Further details unveil that the National CPI ex Fresh food arrived at 2.8% YoY in January versus 2.0% prior. The figure was in line with the market consensus. Market reaction Following the Japan inflation data, the USD/JPY pair is up 0.02% on the day at 151.65.
When Core CPI rises above 2% it usually results in higher interest rates and vice versa when it falls below 2%. Since higher interest rates are positive for a currency, higher inflation usually results in a stronger currency. The opposite is true when inflation falls. What is the impact of inflation on foreign exchange? Although it may seem counter-intuitive, high inflation in a country pushes up the value of its currency and vice versa for lower inflation.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Australian Monthly CPI comes in at 3.4% YoY in January vs. 3.5% expectedAustralia’s monthly Consumer Price Index (CPI) arrived at 3.4% in the year to January 2024, compared to the annual increase of 3.4% seen in December, the Australian Bureau of Statistics reported on Wednesday.
Lire la suite »
China’s CPI inflation rises by 0.7% YoY in February vs. 0.3% expectedChina’s inflation, as measured by the Consumer Price Index (CPI), rose by 0.7% YoY in February from a 0.8% decline in January.
Lire la suite »
Permanent Researcher Positions for Materials Science - Japan (JP) job with National Institute for Materials ScienceOverview National Institute for Materials Science (NIMS, Tsukuba, Japan) invites international applications from researchers who can conduct research in materials science. NIMS employs outstanding scientists from various countries who have abundant knowledge and strong research skills in materials science.
Lire la suite »
EVs Grow 94% YoY in Mexico, Tesla Model Y Leads the MarketClean Tech News & Views: EVs, Solar Energy, Batteries
Lire la suite »
China’s Jan-Feb Retail Sales rose 5.5%, Industrial Production up 7.0%China’s February Retail Sales, rose 5.5% YoY vs. 5.2% expected and January’s 7.4% while the country’s Industrial Production increased 7.0% YoY vs.
Lire la suite »
Sportradar Reports 3rd Consecutive Year of 20% Growth in 2023Its Audiovisual segment also grew by 14% YoY to €182 million. The company claimed 33% YoY growth in Adjusted EBITDA too with €167 million.
Lire la suite »