In Japan, the Producer Price Index (PPI) MoM measures the average change in prices received by domestic producers for their output compared with the previous month. This indicator reflects pricing trends in the manufacturing sector, providing insight into inflationary pressures that can influence economic policy and market expectations.
A higher than expected figure should be seen as positive (bullish) for the JPY while a lower than expected figure should be seen as negative (bearish) for the JPY.