Japan’s CPI: A Ho-hum response - BBH

By FXstreet.com | Updated July 25, 2014 AAA

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.



Key Quotes:



“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."



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