CPI data from Japan (national) for April was out a little earlier:
Japan April CPI: Headline 0.6% (expected 0.7%)
Responses are coming in now, this via Capital Economics:
- Broad-based moderation in price pressures in April
- Underlines ... the Bank of Japan won't be able to tighten monetary policy anytime soon
- ... expect GDP growth to slow this year .... suggests ... capacity shortages won't intensify any further"
Which is pretty much the response we had before the data came out .... the BOJ will not exiting any time soon.
USD/yen barely changing (though with EUR/USD up a little EUR/JPY has gained a little):
