U. Michigan index of consumer confidence

Stronger Yen

July 26, 2013

The yen is 0.7% stronger against the dollar and hit an overnight high of 98.26/USD following the release of Japanese CPI figures.  Both total (up 0.2% from June 2012) and core CPI inflation (+0.4%) were positive.  Deflation seems to be disappearing faster than anyone imagined. Tokyo consumer prices in July were 0.2% higher than in […] More

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