PPI MoM 0.3% vs 0.1% expected

  • YoY prior 3.0%
  • MoM prior 0.2%

A beat there, are things starting to move in the right direction ? USDJPY catches a positive tone from the open , trading at 113.70 now, bit of a hurdle at 80/90 before we can talk about the 114.20 and 114.50 again. Equity market should take some comfort from these numbers

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