Tokyo CPI ex. Food/Energy preview: Inflation data in focus
| Pair | Now | Since publish |
|---|---|---|
| USDJPY | — | — |
The upcoming Tokyo CPI excluding Food and Energy year-over-year data is scheduled for release on August 27, 2026, at 23:30 UTC. This high-impact inflation gauge is closely watched by the Bank of Japan for its monetary policy implications. Market consensus anticipates a reading of 2%, matching the previous month’s figure of 2%.
Historically, this release has generated notable movements across JPY crosses. Based on our data since 2015, GBPJPY has seen a median 1-hour move of 9 pips, with top-quarter releases moving 18+ pips. EURJPY typically observes a median 1-hour move of 8 pips, with top-quarter events exceeding 14+ pips. USDJPY has a median 1-hour move of 7 pips, with top-quarter releases moving 14+ pips. Other pairs like AUDJPY, CADJPY, CHFJPY, and NZDJPY have also shown median 1-hour moves ranging from 5 to 7 pips. Direction-reliability statistics are not yet available for this series.
Recent prints show varying outcomes. The July 2026 release came in at 2% against a forecast of 1.7%, followed by a +36 pips 1-hour move in USDJPY. The June 2026 figure was 1.9% (forecast 1.8%), with USDJPY moving +2.3 pips. In May 2026, the actual was 1.6% compared to a 2% forecast, leading to a +4.0 pips USDJPY move. An earlier release in February 2026 saw an actual of 2.5% matching the forecast, with USDJPY moving -22 pips.