Yen slipping a little after the as expected wholesale inflation data

April PPI data from Japan is here:

• Japan data - April PPI +0.2% m/m (expected +0.2%) & +4.0% y/y (expected +4.0%)

Wholesale inflation in Japan is remaining solid. If it feeds through to CPI the Bank of Japan will, at the margin, be more inclined to hike rates.

The yen is slipping a few tics regardless: