In Japan, the Inflation Rate Ex-Food and Energy YoY measures the percentage change in consumer prices, excluding fresh food and energy, compared with the same period one year earlier. This indicator is used to assess underlying inflationary pressures and can provide insight into the overall cost of living, influencing 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.