Japan PPI for July 3.1% y/y (expected 2.9% y/y)

Two things, the focus will be on the GDP data (separate post) and this is unlikely to move the yen anyway

July PPI 3.1% y/y

• expected 2.9% y/y, prior 2.8%

July PPI 0.5% m/m

• expected 0.2% m/m, prior 0.2%

And another thing, despite inflation showing up at this level the CPI is still lagging way behind the BOJ target (check out the 'deflator' in the Q2 GDP data published at the same time)

Carry on!