Friday, March 28, 2014

Japan CPI Improves, GBP Gains Traction Pre-GDP

Markets focused on Japanese data overnight. The nationwide inflation accelerated from 1.4% to 1.5% in February as expected in Japan. Consumer prices accelerated by 1.3% y/y in Tokyo, slightly faster the market estimates (1.2% exp. 1.1% last). However, the overall household spending contracted by -2.5% in Feb (vs. +0.1%



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