The data shows a big jump for PPI both m/m and y/y. If it translates into higher consumer level inflation the Bank of Japan will be happy.
USD/JPY has dipped down to circa 157.08 as I am updating.
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Japan PPI (May) +0.7% m/m (expected +0.4) and +2.4% y/y (expected +2.0%)
2024-12-30
FOREXLIVE
FOREXLIVEThe PPI is also referred to as the Corporate Goods Price Index, its published by the Bank of Japan.
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