Tokyo's core CPI in July rose by 2.9% year-on-year, which is lower than expected, causing the Japanese yen to fall.

The Ministry of Internal Affairs and Communications in Japan announced data in Tokyo, showing that the core consumer price index in the Tokyo area rose by 2.9% year-on-year in July, higher than the estimated 3%. After the data was released, the yen fell against the US dollar; the yen fell by 0.1% to 147.10 against the US dollar. The CPI excluding energy and fresh food rose by 3.1% year-on-year, in line with the estimated 3.1%. The overall CPI rose by 2.9% year-on-year, slightly below the estimated 3%. The core CPI does not include highly volatile fresh food items.