Japan’s July CPI 2.5% yr/yr (last 2.3%). July Tokyo CPI 3.2% yr/yr (expected 2.8%; last 3.2%) and Tokyo Core CPI 3.0% yr/yr (expected 2.9%; last 3.2%)
The Bank of Japan made no changes to its interest rates, but voted to conduct yield curve control policies with greater flexibility, allowing the 10-yr JGB yield to rise up to 1.0% while maintaining the target at 0.50%. The news gave a brief boost to the yen before the currency returned to little changed against the dollar.