Japan PPI Services for January +3.1% y/y (expected +3.1%)

Japan PPI Services for January +3.1% y/y

• expected +3.1%, prior +2.9%

USD/JPY is sitting almost at its high for the session so far, circa 149.85.

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Japan Services Producer Price Index (PPI) measures the average change over time in the prices received by service providers (in the private sector) for their services in Japan

• Data published by the Bank of Japan
• covers services such as transportation and communication, finance and insurance, wholesale and retail trade, and others