Japan: PPI rises 0.3% in May, down -2.1% YoY

FXStreet (Córdoba) - Japanese producer price index rose 0.3% in MAy versus 0.2% expected but declined 2.1% over the twelve months to May, slightly better than the -2.2% of consensus.

Meanwhile, separated data showed Japanese machine orders rose 3.8% in April versus a drop of 2.1% expected. Orders rose 3.0% YoY, beating the -1.4% expected.

Jun 10, 2015

Japan Domestic Corporate Goods Price Index (MoM) came in at 0.3%, above forecasts (0.2%) in May

USD/JPY in flat-lining around 124.40

The US dollar extends its overnight side trend versus the Japanese currency at Tokyo open, keeping USD/JPY side lined below 124.50 levels. The major trades almost unchanged as upbeat PPI and Japanese core orders data fails to lift the sentiment around the Japanese yen. However, uncertainty surrounding Greece debt concerns may keep the safe haven appeal in yen boosted.