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Japanese Yen Weak After Tokyo Inflation Misses Expectations

September 27, 2019 at 16:37 by Vladimir Vyun

A fan of 10,000-yen billsThe Japanese yen was largely weak after the release of disappointing inflation data, though managed to stay about flat versus the vulnerable Great Britain pound.

The Tokyo core Consumer Price Index rose 0.5% in September, year-on-year. That was a slower rate of growth than 0.6% predicted by analysts and 0.7% registered in August. Month-on-month, the index fell 0.2%.

USD/JPY edged up from 107.83 to 107.90 as of 16:35 GMT today. EUR/JPY rose from 117.75 to 118.10. At the same time, GBP/JPY was at 132.77, a bit below the opening level of 132.89.

If you have any questions, comments, or opinions regarding the Japanese Yen, feel free to post them using the commentary form below.

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