Japan PPI (June)-0.2% m/m (expected +0.2%)

<p>Japan PPI, AKA Corporate Goods Price Index, for June 2023. This is 'wholesale' level inflation, the price that firms charge each other for products.</p><p>-0.2% m/m</p><p>expected +0.2%, prior -0.7%</p><p>+4.1% y/y</p><ul><li>expected 4.4%, prior 5.1%</li></ul><p>This data point is from the Bank of Japan. A piece in the Niklkei today cites an expected policy tweak from the Bank this month as a reason for the yen surge:</p><ul><li><a href="https://asia.nikkei.com/Economy/Bank-of-Japan/Yen-rises-on-speculation-of-BOJ-policy-shift" target="_blank" rel="nofollow">Yen rises on speculation of BOJ policy shift
</a></li></ul><p>Note, the Nikkei may be gated. </p>

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