Japan’s National Consumer Price Index (CPI) for January came in at 2.2% YoY from 2.6% in December, according to the latest data released by the Japan Statistics Bureau on Tuesday.

Further details unveil that the National CPI ex Fresh food arrived at 2.0% YoY in January versus 2.3% prior.

Market reaction

Following the Japan inflation data, the USD/JPY pair is down 0.05% on the day at 150.62.

About Japan’s National CPI

Japan’s National Consumer Price Index (CPI), released by the Statistics Bureau of Japan on a monthly basis, measures the price fluctuation of goods and services purchased by households nationwide. The YoY reading compares prices in the reference month to the same month a year earlier. Generally, a high reading is seen as bullish for the Japanese Yen (JPY), while a low reading is seen as bearish.