Japanese Producer Price Index (PPI) climbs 0.3% MoM in August vs. 0.1% expected

The data released from the Bank of Japan (BoJ) showed on Wednesday that the Japanese Producer Price Index (PPI) for August came in at 3.2% YoY from 3.6% in the previous reading and in line with market expectation. 

On a monthly basis, the PPI improved to 0.3% in August compared to 0.1% in July. 
 

Market reaction

USD/JPY is posting modest gains following the data. The pair is trading near 147.14, gaining 0.04% in the day.