Economic calendar in Asia 23 June 2023 – Japan inflation data for May

<p>The inflation data for the Tokto area was published around 4 weeks ago, showing still surging prices:</p><ul><li><a href="https://www.forexlive.com/news/tokyo-area-cpi-for-may-headline-32-vs-34-expected-20230525/" target="_blank" rel="follow" data-article-link="true">Tokyo area CPI for May, headline 3.2% vs. 3.4% expected</a></li></ul><ul><li><a href="https://www.forexlive.com/news/underlying-inflation-in-tokyo-hit-a-40-year-high-in-may-recap-20230526/" target="_blank" rel="follow" data-article-link="true">Underlying inflation in Tokyo hit a 40 year high in May – recap</a></li></ul><p>Today we'll get the national level data for that month. The Bank of Japan have been repeating, over and over, that they expect inflation to fall from around September/October this year and hence are holding onto ultra-loose policy. USD/JPY is above 143 as I am posting, looks like investor believe the BOJ, no?</p><p>Also on a data agenda today are flash PMIs from Australia and Japan. </p><p>more to come </p>

This article was written by Eamonn Sheridan at www.forexlive.com.