Japan’s Tokyo CPI inflation rises to 1.5% YoY in April

The headline Tokyo Consumer Price Index (CPI) for February rose 1.5% YoY as compared to 1.4% in the previous month, the Statistics Bureau of Japan showed on Friday.

Additionally, Tokyo CPI ex Fresh Food climbed 1.5% YoY in April against 1.8% expected and 1.7% in the prior month. The Tokyo CPI ex Fresh Food, Energy rose 1.5% YoY in April, compared to the previous reading of 1.7%

USD/JPY reaction to the Tokyo Consumer Price Index data

As of writing, the USD/JPY pair is down 2.32% on the day at 156.171.