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Forex & Equities: Tokyo CPI Higher & Session Ranges

Posted by Akhilesh Ganti on Apr 24, 2014 10:42:00 PM

Australia and New Zealand markets were closed as the countries observed the ANZAC Day holiday. Tokyo's April Consumer Price Index came out at +2.7% which, while slightly lower than median forecasts of +2.8%, was the largest increase since 1992 aided to a large degree by the combination of BOJ stimulus measures and the recent sales tax hike. USD/JPY rose a bit on this release as it made its way up to 102.51 but the key determinant for its future path might well lie with the BOJ's monetary policy announcement next week.

Economic Data - {Source: Bloomberg}

Country Event Period Survey Actual Prior Revision
Japan Natl CPI YoY Mar 1.60% 1.60% 1.50% --
Japan Natl CPI Ex Fresh Food YoY Mar 1.40% 1.30% 1.30% --
Japan Natl CPI Ex Food, Energy YoY Mar 0.70% 0.70% 0.80% --
Japan Tokyo CPI YoY Apr 3.00% 2.90% 1.30% --
Japan Tokyo CPI Ex-Fresh Food YoY Apr 2.80% 2.70% 1.00% --
Japan Tokyo CPI Ex Food, Energy YoY Apr 2.10% 2.00% 0.40% --

Ranges:{WWM's New ALPHA Trader-DAILY charts [EUR, GBP, AUD, YEN, GOLD, OIL, DXY]}(click to enlarge)

FX 042514

Equities:{WWM's New ALPHA Trader-WEEKLY charts [Dow30, SP500, Nasdaq100, Japan225, China, Nifty50, FTSE100, ASX200]}(click to enlarge)

STOCKS 042514


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