Japan's Corporate Services Producer Price Index (January 2024) is published by the Bank of Japan.
+2.1% y/y
- +2.4% in December
For the m/m -0.5%
- prior +0.1%
USD/JPY little changed in response around 150.50
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On Tuesday from Japan we'll get CPI data for January. This lower services PPI is being read as support for a lower CPI result than in December, which further supports the argument that the BOJ is no hurry to tighten policy.
