GDP Price Index y/y (JPY) comes in at 2.6% against 3.2% consensus
| Pair | Now | Since publish |
|---|---|---|
| USDJPY | — | — |
Japan’s GDP Price Index year over year was reported at 2.6%, falling below the consensus expectation of 3.2%. The actual figure also marked a decline from the previous reading of 3.2%. This print represented a -18.8% surprise relative to the market consensus.
Following the release, JPY pairs showed varied initial price action. After 5 minutes, AUDJPY and NZDJPY registered 0.0 pips, while CADJPY gained +2.1 pips, CHFJPY +2.0 pips, EURJPY +1.4 pips, GBPJPY +3.6 pips, and USDJPY +5.2 pips. At the 15-minute mark, AUDJPY was up +1.9 pips, CADJPY +2.5 pips, CHFJPY +7.2 pips, EURJPY +2.7 pips, GBPJPY +5.5 pips, and NZDJPY +4.4 pips. USDJPY moved -0.7 pips after 15 minutes. These measured moves are generally small when compared to the historical median 1-hour moves for these pairs, which typically range from 7 pips to 11 pips after past releases.