FXStreet (Guatemala) - Marc Chandler, Global Head of Currency Strategy at Brown Brothers Harriman explained that Japan's latest CPI data elicited a ho-hum market response.
“Headline CPI rose 3.6% in June, off slightly from the 3.7% in May”.
“The core, which excludes fresh food, eased to 3.3% from 3.4%. Both declined slightly less than the market expected”.
“On the other hand, excluding both food and energy, consumer prices rose 2.3% compared with a 2.2% pace in May."