Tokyo Core CPI y/y comes in at 1.9% against 2.1% consensus
| Pair | Now | Since publish |
|---|---|---|
| USDJPY | — | — |
Tokyo Core CPI year over year for July was reported at 1.9%, falling below the consensus expectation of 2.1%. This figure represents an increase from the previous reading of 1.6%. The actual print showed a -9.5% surprise compared to the market consensus.
Following the release, JPY pairs showed notable movement over the subsequent 15 minutes. AUDJPY moved +18 pips, CADJPY moved +18 pips, CHFJPY moved +32 pips, EURJPY moved +30 pips, GBPJPY moved +34 pips, NZDJPY moved +15 pips, and USDJPY moved +27 pips. For context, top-quarter releases for these pairs have historically seen moves of 15+ pips for AUDJPY, 11+ pips for CADJPY, 13+ pips for CHFJPY, 14+ pips for EURJPY, 17+ pips for GBPJPY, 12+ pips for NZDJPY, and 14+ pips for USDJPY over a one-hour period.