GDP Price Index y/y (JPY) comes in at 2.6% against 2.6% consensus
| Pair | Now | Since publish |
|---|---|---|
| USDJPY | — | — |
The Japanese GDP Price Index year over year was released at 2.6%. This figure matched the consensus estimate of 2.6%. The previous reading for the series was also 2.6%. The surprise versus consensus was 0.0%.
Following the release, JPY pairs showed varied movements. AUDJPY initially rose 6.4 pips in the first 5 minutes, then fell 11 pips by 15 minutes. CADJPY saw a 7.9 pip rise at 5 minutes, followed by a 7.2 pip decline at 15 minutes. CHFJPY moved up 9.8 pips initially, then down 12 pips. EURJPY gained 9.5 pips before retreating 12 pips. GBPJPY posted an 11 pip gain at 5 minutes, then dropped 17 pips. NZDJPY rose 4.2 pips and then fell 7.2 pips. USDJPY moved up 12 pips at 5 minutes, then declined 9.2 pips by the 15-minute mark. These movements are generally smaller than the median 1-hour moves observed after past releases, which range from 7 pips to 11 pips across these pairs.