Japan data: PPI Services for October +2.3% y/y (expected +2.1%)

<p><br></p><p><br></p><p>Japan PPI Services (Corporate Services Price Index) for October 2023 +2.3% y/y</p><ul><li>expected +2.1%, prior +2.0%</li><li>

measures the average change over time in the prices received by service providers (in the private sector) for their services in Japan</li><li>
Data published by the Bank of Japan
</li><li>covers services such as transportation and communication, finance and insurance, wholesale and retail trade, and others</li><li>
this is not consumer inflation but rather business level inflation</li></ul><p>USD/JPY is not a lot moved so far for the session:</p><figure data-media-><img src="https://images.forexlive.com/images/usdyen%20ppi%20services%2027%20November%202023_id_1ff7b891-cf4b-4f5d-82f7-ac53b23811df_size900.jpg" alt="usdyen ppi services 27 November 2023" width="1084" height="745" wrapper-="wrapper-" data-src="https://images.forexlive.com/images/usdyen%20ppi%20services%2027%20November%202023_id_1ff7b891-cf4b-4f5d-82f7-ac53b23811df_size900.jpg" /></figure><p><br></p>

This article was written by Eamonn Sheridan at www.forexlive.com.