Japan’s Inflation Matches Expectations, Yen Falls on Risk Appetite

Feb 23,2019 04:47   Source:Earnforex

Rolled 1,000-yen banknoteThe Japanese yen fell today amid mild risk appetite on markets. Japan’s inflation came out within expectations but was still far away from the central bank’s 2% target.

The national Consumer Price Index rose 0.2% in January from a year ago, slowing from 0.3% in December. Core inflation was at 0.8%. It was within expectations and slightly higher than 0.7% in the previous month.

USD/JPY edged up from 110.69 to 110.88 as of 11:12 GMT today. EUR/JPY gained from 125.43 to 125.75.

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