Japanese inflation data for February is due today - take note of the time at 2330GMT, not the 2350 time we are accustomed to for most Japan data
2330 GMT National CPI y/y %
- expected 1.5%, prior was 1.4%
National CPI y/y excluding Fresh Food %
- expected 1.0%, prior was 0.9%
National CPI excluding Food, Energy y/y % (this is the 'core-core', its the it's the closest to the US measure of core inflation)
- expected 0.5%, prior was 0.4%
The 'Tokyo' inflation used to be released at the same time but the stats people in Japan now get this 'national' data out a week earlier than the Tokyo figures, we'll get 'Tokyo' (for March) next week. The February Tokyo figures indicated a tick higher for CPI in the February data, if that translates to the national numbers today it'll be welcome news for the BOJ (they have a 2% target for underlying inflation ... i.e. the 'core-core').
I'll be back with more of what to watch out for in this.
While I don't expect too much yen impact (you know what Japanese data is like, there is most time very little impact at all in the immediate aftermath of the release) some levels to watch out for:
Resistance
- 106.05/15, 106.45
Support:
- 105.30, 105.00
2350GMT - Japan - International Securities flows (for the week ended March 16)
0110GMT - BOJ Japanese Government Bond purchases
- 1-3 and 3-5 years left to maturity
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And ... please excuse the rude interruption, I'll let you get back to trashing the stock markets now
;-)
